Over the last few months, there have been significant changes in the number of wallets holding large amounts of Bitcoin (BTC).
On-chain analysis platform Santiment predicts Bitcoin whales’ future in 2023 change revealed. By keeping the wallets used for spot Bitcoin exchange-traded fund (ETF) purchases separate from this account, Santiment focused on individual whales in the market.
According to data, it will be available in 2024 1,000 to 10,000 Bitcoins While it is stated that there has been a significant increase in the number of whales caught in this volume, $12.95 billion worth 248 thousand BTC received was recorded.
On the other hand, in your hand 100 to 1,000 Bitcoins There was a decrease in the volume of whales caught. This segment will be completed in 2024, 151 thousand Bitcoins by selling $7.89 billion decrease hosted.
It seems that long-term-minded whales increased their Bitcoin balances with new purchases, while shorter-term-minded investors went to sell profits with the recent rises.
Balances are Changing in Bitcoin: Who is Buying and Who is Selling? The article titled was prepared by Tugay Erdem and published on koinbulteni.com.