According to Mars Finance, on January 15th, market research firm Santiment posted on social media that since January 10th, "whale" and "shark" addresses holding 100,000-10,000 Bitcoins have cumulatively increased their holdings by 32,693 BTC, representing a 0.24% increase in their total holdings. Conversely, "shrimp" addresses holding less than 0.01 Bitcoins have cumulatively sold 149 BTC since January 10th, resulting in a 0.30% decrease in their total holdings. This data signals that smart money is continuously buying, while micro-capital is choosing to exit. This is precisely the ideal setup for a bull market to begin. How long this trend will last depends on how long retail investors remain skeptical of the current nascent upward trend. Currently, the "extremely bullish" green zone continues.
Santiment: The current whale buying/retail selling pattern is an ideal setup for the start of a bull market.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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