Big Fish Feasting on Bitcoin: Whales and Sharks Buy Billions While Smaller Investors Sell

Big players are gobbling up Bitcoin, while smaller investors are getting left behind. According to Santiment, a crypto analytics firm, the number of wallets holding at least 100 Bitcoin (BTC) has skyrocketed in the past month. This means that Bitcoin whales, those holding large amounts of BTC, are getting even bigger.

But it’s not just the whales.
Bitcoin sharks, those holding between 10 and 10,000 BTC, are also buying up the crypto king. In total, whales and sharks have added over
$7.863 billion worth of Bitcoin to their wallets in just one month.

What’s happening?
It seems like smaller investors are getting impatient and selling their Bitcoin, while the big players are taking advantage of the dip. On-chain analyst Ali Martinez points out that the amount of Bitcoin available on exchanges has dropped significantly, suggesting that large investors are buying up the supply.

This trend could be a sign that Bitcoin is poised for a rebound.
However, it’s important to remember that the market is volatile and anything can happen. As always, investors should do their own research and invest only what they can afford to lose. /p>