WHALES Alert 🚨🚨: New Major Bitcoin Whales🐋: Bullish 🐂Signals Abound
Recent data from Santiment has revealed a remarkable surge in Bitcoin whale numbers, with an additional 16 wallets joining the exclusive category of those holding between 100 to 1,000 Bitcoins ($WBTC ). This influx of whales signifies a significant shift in sentiment, reinforcing the bullish outlook for Bitcoin.
🪙Bitcoin vs. Ethereum: A Tale of Divergence⚔️
A distinct disparity has emerged between the behaviors of Bitcoin and Ethereum whales. While Bitcoin whales, characterized by their ownership of 1,000 BTC or more, exhibit a trend ranging from growth to stability, Ethereum whales, defined as holders of 1,000 ETH or more, are on a pronounced downtrend. Over the past year, a staggering 12 million $ETH has been offloaded by these substantial stakeholders, increasing to 20 million ETH since 2020. This substantial shift in Ethereum whale sentiment stands in stark contrast to Bitcoin's current trajectory.
🐋Sharks and Whales: A Growing Frenzy🦈
From February 2022, the cryptocurrency landscape has witnessed a notable uptick in the number of shark and whale wallets accumulating at least 10 Bitcoin. Over the last 20 months, the trend of accumulating larger wallets has surged, leading to 11,806 addresses crossing this significant threshold. This represents an impressive 8.12% increase in wallet holders with substantial holdings, reflecting a profound confidence among larger stakeholders in Bitcoin's potential.
The growing presence of major Bitcoin whales and their divergence from Ethereum's market behavior underscore the strengthening position of Bitcoin in the digital asset landscape. These developments hint at an optimistic outlook for Bitcoin's future, as investors increasingly bet on its long-term growth.
