ChainCatcher Message, the crypto market analysis platform Santiment posted data on social media stating that Bitcoin’s price has fallen back to $89,400, while gold and silver continue to soar. Nevertheless, Bitcoin’s “whales” and “sharks” are still accumulating.
Whale addresses holding 10-1 million BTC: increased by 36,322 BTC in the past 9 days (+0.27%); “shrimp” addresses holding less than 0.01 BTC: decreased by 132 BTC in the past 9 days (-0.28%). Santiment stated that the best time for a breakout in crypto assets often occurs when “smart money” is accumulating while retail investors are selling. Setting aside geopolitical factors, this capital flow pattern is continuously building a long-term bullish technical divergence.
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