Santiment on-chain data analytic firm reports that Bitcoin whales are still buying the dip and not selling their BTC holdings. They are taking advantage of the BTC price Drop.
Santiment Writes:
Bitcoin has dropped to $35.5k, revisiting levels last seen June 12th. Whale holders (at least 1,000 $BTC addresses) continue to show a pattern of accumulation, and mid-tier holders (10-1,000 $BTC) aren’t flinching. Smaller addresses are falling fast.
According to the Santiment recent tweet, Bitcoin whales possessing atleast 1000 BTC are buying the dips and adding BTC to their positions. Medium size BTC holders ragging from 100 to 1000 BTC are also not showing any sign of nervousness and holding strong to their BTC reserves.
Santiment Tweet:
? #Bitcoin has dropped to $35.5k, revisiting levels last seen June 12th. Whale holders (at least 1,000 $BTC addresses) continue to show a pattern of accumulation, and mid-tier holders (10-1,000 $BTC) aren't flinching. Smaller addresses are falling fast. https://t.co/xJG0CoLos1 pic.twitter.com/cPOc94tCq0
— Santiment (@santimentfeed) June 18, 2021
On the other hand small BTC holders are selling fast. Small Bitcoin address holders are shaken by the market fall and want to confirm their profits by selling their Bitcoin, hoping that BTC will fall more.
Chart powered by Santiment shows how BTC whale holders, Mid Tier Holders and Small Holders are behaving in current market fall.
On June 16, 2021 TheCryptoBasic reported that Bitcoin Whales Holding Between 100 To 10,000 BTC Have Accumulated 90,000 More BTC In The Last 25 Days.
On June 16 Santiment analyst team shared on Twitter that bitcoin whales have increased their positions in BTC over the past 25 days and now hold half of the total supply of BTC. Data showed that over the past 25 days, the number of wallets holding between 100 and 10,000 BTC has added a total of 90,000 bitcoin to their holdings.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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