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Santiment: Ideal Layout for Bull Market Initiation with Whales Buying and Retail Investors Selling
Summary: In a recent update, market research firm Santiment stated on social media that since January 10, whales and shark addresses holding between 10,000 to 100,000 bitcoins have accumulated an additional 32,693 BTC, increasing their total holdings by 0.24%. Since January 10, shrimp addresses holding less than 0.01 BTC have collectively sold 149 BTC, decreasing their ...
In a recent update, market research firm Santiment stated on social media that since January 10, whales and shark addresses holding between 10,000 to 100,000 bitcoins have accumulated an additional 32,693 BTC, increasing their total holdings by 0.24%.
Since January 10, shrimp addresses holding less than 0.01 BTC have collectively sold 149 BTC, decreasing their total holdings by 0.30%.
This data indicates that smart money continues to buy while retail investors choose to exit, creating the ideal layout for the initiation of a bull market. The duration of this trend will depend on how long retail investors remain skeptical of the current uptrend. Currently, the extremely bullish green zone trend is still ongoing.
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Link: Santiment: Ideal Layout for Bull Market Initiation with Whales Buying and Retail Investors Selling [Copy]
