Large holders buy bitcoins against the background of retail sales of retail traders

Santiment’s data from the Santment platform indicate a sharp discrepancy between the behavior of the crypto market participants. Large participants – the so -called whales and sharks, whose balances are from 10 BTC to 10 thousand coins – over the past 30 days have increased their positions by 83.1 thousand BTC. In parallel with this, the smallest category of holders – the so -called “shrimp” with a balance of up to 0.1 BTC – sold about 387 coins.

Such dynamics demonstrates the classic effect of redistribution of assets between uncertain retail capital and systematically acting institutions. Visualization shows that the accumulation of large wallets continued even against the background of price fluctuations in the range of $ 87,000 – $ 99,000.

This indicates the perception of current levels as a strategic entrance zone, especially taking into account the recent pause in a trade confrontation between the United States and China. The predicted weakening of geopolitical tension can give an additional impulse to the growth of cryptocurrencies, including Bitcoin (BTC).

The behavior of retail investors, on the contrary, reflects the dominant mood of the imminent local peak. Even wallets with a slightly large balance than 0.1 BTCdemonstrate signs of profit fixation. This approach, although logical in the short term, can lead to lost opportunities if the ascending trend intensifies against the background of new institutional injections.

In the long-term, the attention of market participants is also shifted towards the so-called “AI-chin”-blockchain platforms developing infrastructure based on artificial intelligence. According to the data, the activity of the developers on these networks has increased significantly, especially in the number of commits in the repository. This may indicate a fundamental revaluation of the approach to investment.

Author

Peter Ivanov