Post by Jean Yves on Mar 3, 2023 3:01:35 GMT -5
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Santiment tweeted that whale addresses holding more than 10,000 BTC have added 140,000 BTC to their holdings in the past 10 days.
Bitcoin is going rangebound between its Monday High and Monday Low.
Bitcoin is currently experiencing a consolidation phase close to the 200-day moving average.
Santiment Feed’s recent tweet underlines an important facet of the cryptocurrency market: the significant increase in Bitcoin held in whale addresses. The data shown indicates that over the previous 10 days, these whale addresses—defined as those owning more than 10,000 BTC—have added 140,000 BTC to their holdings, bringing the total to almost 4.8 million BTC.
#Cardano, #Maker, and #Fetch have all had their moments to shine in 2023. $FET in particular, which has 5x'd since January 1st. But these 3 assets in particular have all seen steep increases in whale activity, and you can expect major swings from here. t.co/aLMD7PMdZ1 pic.twitter.com/LTjrHdfTWy
— Santiment (@santimentfeed) March 2, 2023
The tweet indicates that such a significant increase in whale holdings is often a bullish signal for the market, as it suggests that large investors are accumulating assets in anticipation of a future price increase. However, it’s worth noting that such movements can also create significant volatility, as the actions of large investors can have an outsized impact on the market.
Overall, the data presented in the tweet suggests that large investors are currently interested in accumulating Bitcoin, which could drive up the price in the coming weeks and months.
Santiment tweeted that whale addresses holding more than 10,000 BTC have added 140,000 BTC to their holdings in the past 10 days.
Bitcoin is going rangebound between its Monday High and Monday Low.
Bitcoin is currently experiencing a consolidation phase close to the 200-day moving average.
Santiment Feed’s recent tweet underlines an important facet of the cryptocurrency market: the significant increase in Bitcoin held in whale addresses. The data shown indicates that over the previous 10 days, these whale addresses—defined as those owning more than 10,000 BTC—have added 140,000 BTC to their holdings, bringing the total to almost 4.8 million BTC.
#Cardano, #Maker, and #Fetch have all had their moments to shine in 2023. $FET in particular, which has 5x'd since January 1st. But these 3 assets in particular have all seen steep increases in whale activity, and you can expect major swings from here. t.co/aLMD7PMdZ1 pic.twitter.com/LTjrHdfTWy
— Santiment (@santimentfeed) March 2, 2023
The tweet indicates that such a significant increase in whale holdings is often a bullish signal for the market, as it suggests that large investors are accumulating assets in anticipation of a future price increase. However, it’s worth noting that such movements can also create significant volatility, as the actions of large investors can have an outsized impact on the market.
Overall, the data presented in the tweet suggests that large investors are currently interested in accumulating Bitcoin, which could drive up the price in the coming weeks and months.