Bitcoin $BTC whales and 'small fish' have chosen opposite accumulation/distribution strategies: ecoinometrics Bitcoin
The first one is demonstrated by accounts with balances of 1 BTC and lower. They have been accumulating Bitcoins since early Q3, 2021: in total, they increased balances by almost 10%.
This process lost steam only once, when Bitcoin touched its latest historic high over $69,000 in November 2021., who hold 1,000-10,000 BTC each, are not so enthusiastic. For the last 30 days, the largest Bitcoiners are distributing their bags.Top-tier whales were accumulating in Q4, 2020, and Q2-Q3, 2021. As such, their net balance is almost the same as it was 15 months ago.
Also, one reliable on-chain indicator signals that Bitcoin's price bottom might already be in. The share of the Bitcoin supply held by"paper hands" is very low right now.
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