Bitcoin whales are buying again.
The market is in a panic, but the big players are quietly making moves. According to Santiment data, wallets holding between 10 to 10,000 BTC now account for 68%, with prices hovering around $71,000.
Interestingly, just a few days ago when the price jumped to $74,000, many whales were offloading. Now they're back in — clearly treating $71,000 as a solid entry point.
However, it's important to note: historically, BTC truly bottoms out not when the big players are buying, but when the small retail investors can't hold on and start cutting losses. Analysts are now watching to see if retail will reduce their holdings.
In short, when there's panic, the big money is actually positioning itself. Seasoned traders know this often signals the next wave of market movement.
The market is in a panic, but the big players are quietly making moves. According to Santiment data, wallets holding between 10 to 10,000 BTC now account for 68%, with prices hovering around $71,000.
Interestingly, just a few days ago when the price jumped to $74,000, many whales were offloading. Now they're back in — clearly treating $71,000 as a solid entry point.
However, it's important to note: historically, BTC truly bottoms out not when the big players are buying, but when the small retail investors can't hold on and start cutting losses. Analysts are now watching to see if retail will reduce their holdings.
In short, when there's panic, the big money is actually positioning itself. Seasoned traders know this often signals the next wave of market movement.