The biggest of cryptocurrencies bitcoin, while gaining 40% in the first month of the year, finished February almost where it started. In this article, we will share a remarkable on-chain data with you. Next, we will examine the BTC price structure.
Santiment: BTC Whales Decreasing!
crypto research firm centiment Today, it has attracted the attention of investors with an on-chain data published on its Twitter account.
Analysts recorded the number of addresses holding more than 1,000 Bitcoins as 2,266 exactly one year ago, but found that this figure has decreased to 2,011 today. Thus, the number of BTC whales decreased by 11% in a year.
The number of whales in Bitcoin reached its highest figure in 2021. On February 8, 2021, there were exactly 2,489 different giant investors. During this period, BTC gained 70% in value within weeks.
Cryptocurrency investors on social media welcomed the decrease in the number of whales. The decline in the number of wallets with large amounts of BTC in their hands brought comments that the network has become even more decentralized.
BTC Analysis
Bitcoin, which almost did not move in February, started March with a horizontal course. BTC Although it surpassed the $24,300 resistance in the past weeks, it sold three times at the $25,200 level. With the increase in pressure, 24,300 tags were also lost.
Let’s remember that Bitcoin only gained 40% in January. EMA 200 support is a positive indicator, even if the leading cryptocurrency is not persistent above $25,000.
$BTC It is currently trading at $23,300.
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