BTC holders of BTC accumulated by hundreds of millions of dollars in the past week amid the sale of encryption, according to the analysis platform.
Santim He says Since March 3, the whales and sharks collectively have added 4,486 BTC to their property amid panic from retail traders over the past two days.
Before the last accumulation by the governor with more than 10 BTC, the whales and sharks have briefly reduced their governor, according to Santiment.
“The Governor of the Bitcoin and sharks has gone through several major turning points during the past six months, as the graph reveals below. In short, their moderate dumping from mid -February to early March contributed to the last Crypto discharge.”
Most likely, the accumulation of whales and sharks will probably advance,
“Prices have not interacted with their purchase yet, but do not be surprised if it turns out that the second half of March is much better than the bloodbath that we have seen since the height of Bitcoin seven weeks ago … assuming that these major stakeholders continue to collect the coin.”
According to To Santiment, “encryption markets move in the opposite direction of crowd expectations.” Based on the views that are expressed on social media platforms, the encryption analysis platform He says Bitcoin is likely to gather when the volatile emotions reach the degree of fever.
“Social media showcases a huge level of fear, as bitcoin is linked to levels below 70,000 dollars at the highest rate since the collapse of February 27. The real surrender (and the perfect purchase) will be when low prices are predicted ($ 50,000 – $ 69,000) via social media with very few high prices (100,000 dollars – 119,000 dollars).”
Bitcoin is trading at $ 81,678 at the time of this report.
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