According to new data published by Santiment, large Bitcoin The number of (BTC) whales has reached its highest level in the last 15 months. According to the company’s report, as Bitcoin continues to consolidate, there is an increase in the number of wallets holding 1,000 to 10,000 BTC.
At the same time, there is a decrease in the number of wallets holding 100 to 1,000 BTC, according to Santiment’s findings.
“As Bitcoin fluctuates between $41,000 and $44,000, whale wallets are making big moves…
Number of 1,000-10,000 BTC wallets: 1,958 on February 1 (highest since November 2022).
Number of 100-1,000 BTC wallets: 13,735 on February 1 (lowest since November 2022).”
BTC is trading at $42,884 at press time, up marginally over the last 24 hours.
Touching on other digital assets, Santiment is a decentralized oracle provider of three altcoins Chainlink (LINK), layer-2 scaling solution Immutable
Santiment notes that these three altcoins are highly discussed by the public, meaning FOMO (fear of missing out) surrounding these altcoins can lead to volatility.
“Chainlink (+34%), ImmutableX (+23%) and Pyth (+26%) experienced impressive market cap growth last week. The mainstream crowd is discussing these at high rates, so FOMO will lead to high volatility for these particular assets.”
LINK is trading at $18.70 at press time, while IMX and PYTH are worth $2.14 and $0.498, respectively.
