On January 15, the market research firm Santiment posted on social media that since January 10, “whale” and “shark” addresses holding 10-10,000 BTC have accumulated a total of 32,693 BTC, increasing their total holdings by 0.24%. Since January 10, “shrimp” addresses holding less than 0.01 BTC have sold a total of 149 BTC, reducing their holdings by 0.30%. This data sends a signal: smart money continues to buy, while micro investors are choosing to exit. This is an ideal pattern for the start of a bull market. How long this trend can last depends on how long retail investors remain skeptical of the initial upward trend that has formed. Currently, the “extremely bullish” green zone is still ongoing.
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Santiment: The current whale buying / retail selling situation is an ideal setup for the start of a bull market
On January 15, the market research firm Santiment posted on social media that since January 10, “whale” and “shark” addresses holding 10-10,000 BTC have accumulated a total of 32,693 BTC, increasing their total holdings by 0.24%. Since January 10, “shrimp” addresses holding less than 0.01 BTC have sold a total of 149 BTC, reducing their holdings by 0.30%. This data sends a signal: smart money continues to buy, while micro investors are choosing to exit. This is an ideal pattern for the start of a bull market. How long this trend can last depends on how long retail investors remain skeptical of the initial upward trend that has formed. Currently, the “extremely bullish” green zone is still ongoing.