The direction of bitcoin accumulation rises with whale and shark investments in a purchase spree
The current declining state of the total encryption market has sparked fears of the bear market since then BitcoinThe largest digital assets continues to decrease, up to $ 77,760. It should be noted that BTC has decreased from the highest new level ever at $ 109,000. However, despite the noticeable decline, the upward feelings between investors may return because they intensify more coins.
More bitcoin dried with whales and sharks
The price of Bitcoin may have decreased for a long time, but the feelings of investors rise again. In the midst of the performance that is displayed in price performance, which is a market for the market and a platform on the chain, I mentioned The buyers began to return to the market, as it gave an upward look at BTC.
The data on the series shows that senior investors and merchants, especially whales and sharks, add more BTC to their property. These big investors have witnessed many decisive turning points over the past six months before that BTC accumulation. In short, their modest flooding between mid -February and early March played a role in the latest coding.
The last rise in accumulation appears between the headlines of the wallet that contains more than 10 BTC, indicating the renewal of confidence in its future performance. In the past six days, these whales and sharks bought about 4,846 BTC. This dust adds to their holdings even with the offer of retail merchants Increase fear and panic.
Historically, positive trends have aroused such Move up at BTC price short term. As a result, a platform on the series is confident in a bullish atmosphere for BTC in the coming weeks.
Looking at the development, Santiment expected that this month could be better than the previous two. “The 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 we saw 7 weeks ago from Bitcoin.”
However, it is likely that this is only as long BTC whales And the expansion of sharks. Since investors with high networks and institutions are defining their property, Bitcoin’s supply dynamics may turn in favor of continuous growth.
Young investors follow BTC direction
This increase has also been monitored to buy benefits between young investors within a short period of rise in BTC price Last week. After the short boom, the small Bitcoin portfolio headquarters witnessed an additional 50,000 portfolio on the network more than a month.
Data From Santiment indicates that about 37,390 other governors have been created between holders of less than 0.1 BTC, usually referred to as shrimp. Moreover, the portfolio with between 0.1 BTC and 100 BTC increased by more than 12,754, while those with at least 100 BTC decreased by 6.
Looking at the increasing fluctuations in the market, this may not be a significant upward signal. However, Santiment indicates an increase Wallets with more than 100 BTC As evidence that collapse in the broader market may be imminent.
Distinctive image from Unsplash, Chart from TradingView.com
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