Bitcoin shortage as Wall Street FOMO turns BTC whales into ‘plankton’
Institutions make mince meat of the whales who just recently held huge sway over market sentiment below $20,000. Bitcoin (BTC) is seeing a new kind of “flippening” above $20,000 as its original whales keep selling their coins to bigger institutional buyers.Data from on-chain analytics service CryptoQuant shows that despite long-term investors rushing to offload BTC at a profit, buyer demand is still outpacing them.Analyst: Bitcoin whales “small” compared to new buyersWith BTC/USD continuing to explore new highs, the “original” whales are beginning to look like plankton as institutions line....
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