Santiment Analytics: Whales Are Buying While Small Holders Are Selling

Santiment Analytics agency shared a data chart of buyers and sellers of bitcoin holders.

According to shared analytics, Whales are buying and holding Bitcoin while small holders are selling.

Recently a report has been shared by Santiment analytics agency.

 According to the data analytics of the share chart, due to the decline in the price of Bitcoin to $34,000, Many big whales are accumulating Bitcoin while small and medium whales are holding their Bitcoin without any panic.

But there are also those very small holders of Bitcoin, which are selling their Bitcoins.

Santiment Analytics tweeted the analytic chart 

According to this chart whales are taking advantage of this dump in the price of Bitcoin.

Those whales who have a minimum 1000 BTC at their address, are accumulating Bitcoin.

While those whales who have 10-1000btc are not flinching either.

But those small number of bitcoin holders are losing their numbers of bitcoin.

On 18 June, the price of bitcoin dropped from $37,949 to a low of $34,933 this morning.

But it recovered little after the morning and now at the time of writing this article is $35,717.

Many experts are claiming that this may be due to the news of the crackdown of crypto mining ban.

Well here we can see many types of positive news regarding Bitcoin & Cryptocurrency adoption.

For example, the installation of an ATM machine in Texas and Legalisation of Bitcoin in Paraguay by next month.

Since here we are not financial advisors but still we recommend everyone, don’t get into any type of panic.

Read also : Paraguay Will Soon Announce Adoption Of Bitcoin By Next Month