Retail Investors Rush To Buy Bitcoin As Whales Offload – What This Means For BTC
Recent on-chain data from Glassnode reveals that retail investors, defined as addresses holding 1 BTC or less, have significantly ramped up their Bitcoin purchases in the past two months. Although this interesting trend among retail traders is very bullish for the leading cryptocurrency, it has been contrasted by a deviating trend among whale addresses, who […]
Related News
In a shocking and devastating development, the price of Bitcoin has fallen back to the key $100,000 price mark after months of trading above the level. BTC’s ongoing robust decline has triggered a wave of uncertainty in the market, causing large investors to offload their coins. However, short-term or retail investors are unfazed by the […]
In the course of the last few months, the Ethereum price has seen a lot of decline, struggling alongside Bitcoin as investors rush to offload their coins. These sell-offs have come in anticipation of lower price levels, and with the price continuing to dip further, it seems the investors who sold earlier were right. Even […]
On-chain data shows that XRP whales are currently offloading their coins, which paints a bearish outlook for the altcoin. This comes as XRP struggles to stay above the psychological $3 level and risks dropping to new lows. XRP Whales Offload $480 Million Coins In Two Weeks Santiment data shows that XRP whales have dumped 160 million coins ($480 million) since around September 4, when their holdings peaked at around 6.95 billion. Since then, their XRP holdings have dropped from 6.95 billion to around 6.77 billion. These whales hold between 1 million and 10 million tokens. Related Reading:....
Larger investors, or whales look to have reacted differently than retail investors amid this week's bitcoin price drop.
On-chain analysis shows that retail buying is accelerating while whale supply is declining.