Santiment: Bitcoin 'Whales' Still Accumulating During Downtrend
BlockBeats News, January 21st, Crypto market analysis platform Santiment released data on social media stating that the Bitcoin price fell to $89,400, while gold and silver continued to surge. Nevertheless, Bitcoin's "whales" and "sharks" are still actively accumulating.
The "whale" address holding 10-100,000 BTC: accumulated 36,322 BTC in the past 9 days (+0.27%)
The "shrimp" address holding less than 0.01 BTC: decreased holdings by 132 BTC in the past 9 days (-0.28%)
Santiment stated that the best opportunities in the crypto asset breakout often occur when "smart money" is accumulating while retail investors are selling. Setting aside geopolitical factors, this fund flow pattern is currently building a long-term bullish divergence.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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