Based on data from Santiment, a popular chained data aggregator, whales have long resumed buying the flagship digital currency Bitcoin, risking their lives to boost their hiding.
Recently, Santiment shared on Twitter that large, small and medium-sized bitcoin wallets have recently bought a lot of bitcoins. The address ranges from 0.1 bitcoin to 100 bitcoin, and they have accumulated about 9% of their bitcoin holdings in their hideouts in the past six months. The elite team of Santa Claus focuses on one of the most aggressive shopping cycles in the history of data encryption.
According to a post by Santiment, the whale accumulated a lot of bitcoin in the bull market in 2017. After BTC reached a maximum price of about $20, 000, they sold some of their collection. As prices hit rock bottom, they bought from scratch and accumulated by the end of 2020.
The whale has been accumulating huge amounts of money since the industry-leading login password recently fell below $20,000. The view of the Santiment report is that large investors like this are usually correct in their long-term price forecasts, but they cannot predict and analyze short-term market fluctuations.
According to this report, small whales of similar size have been buying Ethernet Square for some time. They can only sell in March 2019, when the ETH soared above $150, and then in 2020, the price exceeded 500 yuan.
They have been buying ETH prices since they plummeted in 2021.
Even so, despite accumulating BTC and ETH, such investors have been selling since Cardano's ADA peaked at $1.30 in the fall of 2021. Since then, they have been selling ADA net. It turns out that the whale has been skeptical about the potential of ADA.
Unlike the smaller whales mentioned earlier, great white sharks and whales can own 10 to 10000 bitcoins, and they have been selling bitcoins heavily, according to an article published earlier by Santiment on Dec. 31.
All in all, since Bitcoin hit an all-time high in November, such detailed addresses have sold the most valuable bitcoin with a market capitalization of $10.75 billion. Santiment believes that this kind of accumulated selling is one of the reasons why the sales market is "going to make do by 2022".
According to CoinMarketCap data, at the time of writing, this flagship digital currency changed hands at US $16674 per coin.