After the leading cryptocurrency Bitcoin (BTC) jumped above $ 60,000 in a short time, the crypto industry gained a generally positive mood.
There seems to be a return to the pre-April period, and the new whales entering the market are certainly proof of that.
Santiment Quoted: BTC Whales Increase
centiment Looking at the data transmitted by the company, it seems that many new whales have entered the crypto money industry.
Looking at the number of wallets with assets between 100 and 1,000 BTC, it seems that this has reached a higher point than the previous record breaking time.
Since September 11, the number of wallets holding this amount of BTC, namely whales, has increased by more than 250.
https://twitter.com/santimentfeed/status/14495873621748
The increase in the number of whales is also parallel to the amount of BTC exiting the cryptocurrency exchanges.
The more the amount leaving the stock markets, the more whales there are. This indicates that people or institutions now want to hold BTC in the long term, not in the short term.
Looking at the tweet transmitted by Santiment, it is seen that this is actually an all-time record for the number of whales.
In addition, the 1.9% increase in the number of whales in the short term is certainly significant.
In particular, the fact that the Bitcoin ETF approval was said “ok” may have increased the appetite of institutional investors for the sector. The result, predictably, was an increase in whales.