After the bull rally in 2021, it could not make a good start to 2022. Bitcoin (BTC) and altcoins sharp declines occurred.
While some of the crypto money investors, who are affected by these drops and are at a great loss, sell their BTCs or altcoins, the majority of them continue to hodl.
In this context, a crypto currency analysis platform that interprets the movements of investors, who are generally described as whales and sharks. centimentsaid that the number of these addresses is increasing gradually.
Currently 10 to 1,000 BTC Pointing out that there are 151,080 addresses holding the same number of addresses, Santiment stated that these addresses have increased since 2020.
“There are currently 151,080 addresses holding between 10 and 1,000 Bitcoins.
These addresses increased significantly throughout 2022 as Bitcoin became increasingly affordable after a massive drop that began in December 2020.”
Looking at the sharing of Santiment, during the correction that has been going on in the crypto money market for about a year BTC It is not surprising that such a record comes from whale addresses.
Because Santiment thinks that the price of Bitcoin, which is currently at its lowest level in two years, is cheap.
In this context, with Santiment Bitcoin being cheap, it is actively bitcoin He states that the increase in the number of receiving wallets is strongly correlated.
🐳🦈 There are now 151,080 addresses that hold between 10 to 1,000 $BTC. After a massive decline that began in December, 2020, these addresses have increased significantly throughout 2022 as #Bitcoin has progressively become more affordable. https://t.co/5rdAno5SKy pic.twitter.com/uahECloHyR
— Santiment (@santimentfeed) December 11, 2022
*Not investment advice.
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