Santiment: The current whale buying/retail selling pattern is the ideal setup for a bull market kickoff
BlockBeats News, January 15, market research institution Santiment posted on social media that since January 10, "whale" and "shark" addresses holding between 10 and 10,000 bitcoin have accumulated an additional 32,693 BTC, with their total holdings increasing by 0.24%.
Since January 10, "shrimp" addresses holding less than 0.01 bitcoin have cumulatively sold 149 BTC, with their total holdings decreasing by 0.30%.
This set of data sends a signal: smart money continues to buy in, while micro funds are choosing to exit. This is the ideal setup pattern for the start of a bull market. How long this trend can last depends on how long retail investors remain skeptical of the currently emerging upward trend. At present, the "extremely bullish" green zone is still ongoing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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