
Santiment|Jan 20, 2025 23:40
🐳🦈 Concerned about Trump's inauguration being a 'sell the news' event? Over the past 5 days leading up to today, @santimentfeed data indicates 1,002 Bitcoin per day have been accumulated by 10+ BTC wallets.
There have been 5 distinct cycles for Bitcoin's whale and shark wallets over the past 6 months:
😬 July 20 - October 11: 164 BTC accumulated per day, price -7.3%
😀 October 11 - November 5: 884 BTC accumulated per day, price +9.8%
🥳 November 5 - December 26: 2,060 BTC accumulated per day, price +35.8%
🫣 December 26 - January 15: 156 BTC accumulated per day, price +6.2%
😎 January 15 - Today: 1,002 BTC accumulated per day, price +2.8% (we are here)
Wallets holding at least 10 Bitcoin have collectively had a dramatic impact on the shape of the markets. When they are collectively adding at least 1,000 Bitcoin per day, it is a good sign that key stakeholders plan on moving market values in the right direction.
Alternatively, if you see these wallets barely accumulating or even holding less and less BTC for a substantial amount of time, it may be a sign that prices will perform unpredictably with a much higher probability of correcting (due to lack of large wallet support).
Key stakeholder behavior is one of many things to follow closely to make more informed trading and investing decisions in crypto. Combine this analysis with development activity of specific projects, along with FOMO and FUD monitoring of the crowd. You'll be sure to have a strong 2025 that outperforms the crowd if you follow these great market indicators. 👍
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