Santiment found that whales continue to accumulate despite ‘weak’ movements in Bitcoin price. According to the data, since April 9, when around $28,000 was traded, whales have been buying $26 million worth of BTC per day (an average of 1000 tokens per day). This indicates a potential price increase. doing.
Glassnode closely monitors the activities of long-term Bitcoin holders. According to Glassnode, long-term BTC holders are not much affected by the current market downturn.
The percentage of Bitcoin long-term owner supply sent to exchanges remains extremely quiet at 0.004%. This highlights the deep inactivity of this group amid growing market distress, indifferent to regulatory accusations from Binance and Coinbase.
NEWS CONTINUES BELOW
How SEC’s Pressure Affected Long-Term Bitcoin Investors
According to the analytics firm, the overwhelming majority of BTC transfers to crypto exchanges are short-term investors.
By focusing on total Bitcoin exchange deposit volumes, we can create a breakdown by cohort type. Thus, we can identify which investor groups have had the most significant reaction to the latest regulatory news:
- Short-term investors account for 76.4% of the deposit volume (23,000 BTC).
- Long-term holders account for only 1.9% of deposit volume (570 BTC).
- Inter-exchange transfers account for 21.7% (6,530 BTC) of deposit volume.
