In the wake of last week’s fall in Bitcoin (BTC) prices, data analytics firm Santiment is assessing investor behavior. In this sense, the company observes that there is a notable difference between small and large holders of digital currencies (known as whales).
According to a report by Santiment, there has been a significant change in investor behavior after the Bitcoin price drop. the result, Important differences between large and small investors.
According to the company’s statistics, since mid-October, large investors (those holding more than 1,000 BTC) have sold about 32,500 BTC (more than $3 billion). the tendency to is maintained Following the Bitcoin crash that occurred after BTC hit a new all-time high.
This situation continues today, and became noticeable after the price fell below 100,000 on November 4th. This behavior of whales is different from that of individual investors, which is currently emphasized. Due to his growing interest in Bitcoin.
In this way, while “major market participants are selling,” smaller investors are “taking advantage of the decline and buying aggressively” (or at least holding on to their Bitcoin).
The direction of accumulation This week we set a historic record.confirms this trend. CryptoQuant data refers to Over 375,000 BTC accumulated within 30 days.
Gaps as warning signs
Therefore, we are facing a widening gap between large companies selling and individual investors buying. “This may be a red flag,” the Santimento report warns.
Analysts’ attention is mainly focused on Bitcoin whales. As CriptoNoticias explains, these investors have the ability to: cause a sudden movement in the market on your purchase or sale.
Analysts are therefore expressing concern. Especially considering that “historically, prices tend to follow the direction of large investors rather than small investors.”
Amid this correction, analysts are divided on what will happen to Bitcoin’s price in the coming weeks. Some think the bottom of the decline has been reached; Predict the end of a bullish rally What characterizes this year. At the end of this edition, BTC is trading around USD 102,000.