Bitcoin Whales vs Fishes: Understanding Current Disparity
The last 34 days have been relatively quiet for Bitcoin. Since 1st December, the largest digital asset has strictly paraded between the range of $17360 and $16250. A minor breakout above $17360 was observed on 13th December. However, a quick correction followed on the 15th. Such price action would usually keep investors guessing, but according to data, there is contradictory behavior at press time. Source: Trading View Small Bitcoin Addresses Are Aggressively Accumulating? According to Santiment Analytics, BTC addresses holding between 0.1 BTC to 100 BTC are currently on an aggressive accumulation cycle. Over the past 6 months, these addresses increased their overall BTC holding by 9%. However, the interesting derivative of this particular behavior is its prevalence since 2017. These addresses started their holding spree during the 2017 bull market. A period of selling unraveled during the winter cycle but majorly these addresses have been on the front foot. In terms of consistenc...