Bitcoin Investors Are Changing Hands: Positive Signal for Bulls!

Bitcoin (BTC) investors changing hands could be a good sign for cryptocurrency bulls.

According to Santiment data, small-scale Bitcoin investors began to empty their wallets. In total, the wallets of more than 182 thousand Bitcoin investors were emptied last week.

On the other hand, the number of non-empty Bitcoin wallets has dropped sharply. A similar decline was also seen in the week before March 14, when Bitcoin broke the price record.

According to Blockchain data, wallets with less than 0.1 Bitcoin in their wallets emptied a total of 0.46% of their wallets during the week.

According to Santiment analysts, small-scale investors transferring their Bitcoins to large-scale investors has been a bullish sign throughout history.