Santiment: “Bitcoin Mobility Has Begun In Whales, They Have Received 48,000 Bitcoins In The Last Five Days!” Rally Preparation?

bitcoin and cryptocurrencies Although 2022 is not a good year, investors are hopeful for the new year.

As we approach the last month of 2022, BTC and expectations about cryptocurrency prices have also increased.

In this context, the crypto analytics data platform centimentwhales bitcoin He said he went into spooling mode.

Sharing on his Twitter account, Santiment said that in the last five days, BTC whales 47,888 Bitcoins He said he got it.

“Bitcoin whales spent 13 months in 2022 selling off their holdings as BTC and cryptocurrency prices plummeted.

There was a big drop in the first 3 weeks of November, when the news of FTX’s bankruptcy came.
After this drop, that is, in the last five days, whales have accumulated 47,888 BTC.”

The number of BTC the whales have accumulated in the last five days represents 0.24% of the entire Bitcoin supply.

Santiment also stated that whales holding 100 to 10,000 BTC sold 1.36% of the total supply of BTC during the time of the FTX crisis, that is, in the first three weeks of November.

🐳 #Bitcoin‘s whales have now spent 13 months dumping their cumulative holdings as prices have slide. However, following a big push down in the first 3 weeks of November as #FTX news broke, 47,888 $BTC has been accumulated back in the past 5 days. https://t.co/pQZ6PHY5tW pic.twitter.com/VqTFHOvNY3

— Santiment (@santimentfeed) November 29, 2022

Commenting on the data shared by Santiment, experts think that although the BTC purchases are very low compared to the BTC sale of the whales in the first three weeks of November, the whales are generally preparing for the Nobel Father Rally.

Stating that whales started to accumulate crypto for the Nobel Father Rally in December, experts said that they predicted that whales will sell BTC and cryptocurrencies they have accumulated in the rising rally.

*Not investment advice.