🚀 Data shows: Bitcoin big players are hoarding Bitcoin like crazy! 🚀
👀 Have you noticed? Just when small retail investors are rushing to sell because of the falling Bitcoin price, those big players with more than 100 BTC are quietly hoarding more Bitcoin. The latest data from Santiment shows that the number of wallets of these big players has just hit a 17-month high!
📈 In just the past month, more than 283 wallets have at least 100 Bitcoins. This means that there are now 16,120 such wallets, which is the highest record since March last year.
🐳 These big players, or "whales" as we often call them, have increased their holdings, probably because small retail investors are eager to sell their coins to them when the price falls. Analysts say that because the price of cryptocurrencies has disappointed small retail investors, the number of these "whales" is increasing.
🦈 Moreover, it's not just "whales", even "sharks" who own at least 10 Bitcoins are hoarding Bitcoin. In the past 30 days, these big players and sharks have hoarded a total of 133,000 Bitcoins, worth approximately $7.6 billion!
📉 Meanwhile, small retail investors are selling their Bitcoins due to price weakness. But interestingly, despite the active hoarding of Bitcoin by big players, the price of Bitcoin has not reacted much yet. The current price is around $59,000, down 8% in the past week.
🧐 Some people believe that big players hoarding Bitcoin may be a signal of a market bottom, showing that they are confident in long-term value. This behavior may indicate future price increases, especially in a market downturn. However, for investors, this may be a time to consider a long-term holding strategy, but decisions should be made based on personal risk tolerance and investment goals.
💬 So, do you think these big players will start to push up the price of Bitcoin after hoarding enough? Leave your thoughts in the comments section!
