🧵 1. Whales and sharks in the Bitcoin market have scooped up $7.863 billion worth of BTC as retail traders drop their holdings, reports Santiment. #crypto
🧵 1. Whales and sharks in the Bitcoin market have scooped up $7.863 billion worth of BTC as retail traders drop their holdings, reports Santiment. #crypto
🧵 2. A surge in the number of wallets holding at least 100 BTC has signaled the growing dominance of Bitcoin whales amid retail disappointment.
🧵 3. Entities with 10-10,000 BTC added 133,300 more coins while smaller traders offloaded their holdings, according to Santiment data.
🧵 4. Following a drop in Bitcoin below $60,000 last week, on-chain data shows a massive 40,000 BTC decline in exchange supply, worth $2.40 billion.
🧵 5. With Bitcoin trading at $59,000, whales and sharks continue to increase their holdings, indicating a shift in market dynamics away from retail traders.
🧵 Read more at: https://dailyhodl.com/2024/09/01/whales-and-sharks-gobble-up-over-7863000000-in-bitcoin-as-impatient-traders-drop-their-holdings-santiment/