Whoa, prices have been all over the place, yet the number of whale wallets has quietly hit a new all-time high? 🐋
Latest data from Santiment: The number of wallets holding 10 to 10,000 BTC has climbed to 20,338, setting a new record.
A few things to note:
🔹 This growth began in mid-July and has climbed steeply ever since
🔹 The market has been anything but calm during that time, with several rounds of volatility, yet these addresses kept adding to their holdings
🔹 BTC is now around $82,000, after dipping to a low of $79,800 in the past 24 hours before bouncing back
In plain English: Retail investors are losing sleep over the volatility, while medium and large holders are quietly scooping up coins.
Of course, a growing number of wallets doesn’t mean a rally is just around the corner. But when it comes to “who’s selling and who’s buying,” on-chain data is more honest than sentiment.
Do you think this is bottom accumulation, or are the big players taking a gamble too? 👇
#CPI_BTC_Watch #BTC #BNB
Latest data from Santiment: The number of wallets holding 10 to 10,000 BTC has climbed to 20,338, setting a new record.
A few things to note:
🔹 This growth began in mid-July and has climbed steeply ever since
🔹 The market has been anything but calm during that time, with several rounds of volatility, yet these addresses kept adding to their holdings
🔹 BTC is now around $82,000, after dipping to a low of $79,800 in the past 24 hours before bouncing back
In plain English: Retail investors are losing sleep over the volatility, while medium and large holders are quietly scooping up coins.
Of course, a growing number of wallets doesn’t mean a rally is just around the corner. But when it comes to “who’s selling and who’s buying,” on-chain data is more honest than sentiment.
Do you think this is bottom accumulation, or are the big players taking a gamble too? 👇
#CPI_BTC_Watch #BTC #BNB