According to the data information of Santiment, the portal of data encryption analysis, in the past five days, the key cryptocurrency holders bought 47888 BTC. The total data accounts for 0.24% of the total Bitcoin supply.
It is also puzzling that before the large-scale accumulation, Bitcoin was sold for 13 months, which is also a particularly strong link in November this year, and is related to events closely surrounding the FTX trading center. According to Santiment, in the first three weeks of the month, whales holding 100 to 10000 BTC sold 1.36% of the total supply of cryptocurrency.
The recent sales volume is still several times lower than that in November alone. This fact shows that the Bitcoin Whale has determined to gradually accumulate cryptocurrency, because the "Christmas party" is usually held in December first in the financial system.
The bet price will change color at Christmas. Whales are likely to accumulate BTC trading positions during the rising process, and then disperse them during the rising process.
It is not just the big wallet that is accumulating, but also the wallet that is accumulating - holding 0.1 to 10 BTC. According to the report quoting Glassnode, just two days ago, the total number of such addresses reached a record high.