Larger bitcoin wallets are arranged while others sell: Santiment

Key results:

Huge Bitcoin owners have gathered 81 338 BTC over the past six weeks, showing confidence in future price escalate.
A portfolio of less than 0.1 BTC was sold around 290 BTC, which indicates that smaller retail investors are either in panic or sell boredom.
ETF in the Bitcoin spot recorded inflows of $ 4.41 billion from March 26.

While larger Bitcoin owners remain confident and continue to collect resources, the data from the cryptocurrency platform show that smaller retail investors drop BTC due to the prolonged consolidation of assets below the price level of $ 100,000.

Contrasting behavior between Bitcoin whales (BTC) and retail investors often signals that Bitcoin can head towards the next trend, Santyment he said In the post of May 6.

Smaller Bitcoin players show frigid feet

“When large portfolios gradually accumulate in tandem with retail panic sales/boredom, this is a generally strong long -term sign of prices that pierce their time before the next breakthrough,” said Santiment.

Bitcoin portfolio owners from 10 to 10,000 BTC have gathered a total of 81 338 BTC over the past six weeks from March 26.

This means an escalate of 0.61% in total cohort resources. Santiment said that it can signal this potential again in the near future the psychological price level of $ 100,000. “As you progress, the key Bitcoin stakeholders usually go in the right direction if you take root for $ 100,000 in the near future,” said Santiment.

However, Bitcoin wallets with less than 0.1 BTC sold about 290 bitcoins in the same period. From March 26, Bitcoin traded between 76 273 to 97,210 USD, According to For Coinmarketcap data.

At the time of publication, Bitcoin costs USD 96 360. Source: Coinmarketcap

Bitcoin fell below $ 100,000 on February 1 after US President Donald Trump announced his tariffs and has not yet regained this price level. At the time of publication, Bitcoin trades for USD 96 360.

Meanwhile, ETF Bitcoin owners have accumulated at the same time, and ETF about Bitcoin in the USA is $ 4.41 billion from March 26, According to to distant data.

The domination of the bitcoins is still soaring

The general cryptographic market is still concentrated around Bitcoin. The domination of Bitcoin reached 65% on May 6, the highest readings since January 2021, According to For TradingView data.

Related: Watch these levels of bitcoin prices because BTC meets the “decision point”

At the time of publication, the record is 65.19%. Meanwhile, the Altcoin Coinmarketcap season index He still reads the “Bitcoin season”, indicating that the market favors bitcoins over the Altcoins.

While several analysts have been observing the fresh highest levels of all time until the end of June, Bitfinex analysts have recently stated that Bitcoin must continue to stay above $ 95,000 to come back and again imprison the highest in history or face even a deeper correction.

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This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.