New data: Bitcoin whales are selling and small investors are buying

According to the latest statistics, rich bitcoin investors have recently shown a slight tendency to buy new shares, while micro-investors are constantly increasing their holdings.

According to YouTube, the price of bitcoin is already more than 8% lower than its peak of the last seven days, ie $ 42,500. However, as internal data show, this did not stop micro-investors from being optimistic.

The Ecoinometrics platform, which provides embedded data related to digital currencies, shows the bitcoin community accumulation and sales patterns in the charts below.

Equinometrics said on Twitter:

Bitcoin whales (rich buyers) and fish (micro-traders) live in two different worlds. Small fish are still being stocked, but whales are being sold. Without the presence of whales, bitcoin is unlikely to have enough power to maintain its upward trend.

Bitcoin accumulation / distribution chart
Comparison of changes in the inventory of bitcoin traders (top chart) and whales (bottom chart).

In the image above, the first diagram shows the addresses that have a maximum of one bitcoin. From the beginning of the third quarter of 2021, these investors began to accumulate bitcoins and increased their total inventory by about 10%.

By the end of 2020, these investors had stopped accumulating bitcoins only once, at a time when bitcoin was at its highest value of over $ 69,000 in November 2021.

In contrast, the largest bitcoin whales, each with between 1,000 and 10,000 units, are less eager to accumulate this digital currency. For the past 30 days, the biggest bitcoin whales have been selling their assets.

Has the price of bitcoin reached bottom?

The best bitcoin whales are accumulating new units in the fourth quarter of 2020 and the second and third quarters of 2021. Their net worth is now approximately the same as 15 months ago.

In addition, another internal and reliable indicator shows that bitcoin may be at its lowest price. This indicator shows “the share of short-term investors in the total supply of bitcoins”, which is currently very low.

The amount of bitcoin available to short-term holders
The amount of bitcoin available to short-term holders.

This chart shows that short-term investors have stopped distributing and selling bitcoins. These are usually an upward signal for bitcoin.

The publication New Data: Bitcoin Whales Sell and Small Investors Buy appeared for the first time in Arzdigital.

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