Research: Whales have been offloading Bitcoin since 2021

2022-11-29 20:41

Bitcoin (BTC) supply per whale has been mimicking the price movements since 2014 and has been declining since the end of 2021, indicating that whales are selling off their holdings, according to data analyzed by CryptoSlate.

Supply per whale takes the total BTC supply of addresses that hold between 100 and 10,000 BTC and divides it by the number of addresses. This metric accounts for a larger range of wallet denominations. It can better account for unspent transaction output (UTXO) consolidation or dividing large holdings across multiple addresses by larger coin holders.

This metric is expected to increase when whales are growing their aggregate holdings, and decrease as they liquidate their positions.

BTC Supply per Whale since 2011

The chart above demonstrates the BTC price movement and supply per whale since 2011. While the whales’ movements were unpredictable for the first years, the data clearly shows that the supply per whale line has been following the BTC price since 2014.

BTC Supply per Whale since December 2021

Looking at the BTC price and supply per whale relation since the beginning of the year, it can be seen that after a visible peak in Feb. 2022, the supply per whale line started its downtrend. This movement indicates that the whales have been selling off their BTC since Dec. 2021.

In the meantime, multiple on-chain metrics have been signaling that the bear market bottom is near, as investors take advantage of the low prices and purchase BTC.

The post Research: Whales have been offloading Bitcoin since 2021 appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68109.5 (-0.15%)
Объем 24H $26.261b
Изменеия 24h: 0.70 %, 7d: 1.42 %
Cегодня L: $68109.5 - H: $68598.46
Капитализация $1342.158b Rank 1
Цена в час новости $ 16485.91 (313.14%)

bitcoin 2021 whales off selling indicating cryptoslate

Источник: cryptoslate.com

bitcoin 2021 → Результатов: 126


Most of the Bitcoin supply is now loss-making

Key Takeaways Bitcoin was the best performing asset class between 2011 and 2021, but the year 2022 has brought nothing but pain After rising 14X from its pandemic low in March 2020 to its all-time high in November 2021 of $68,739, Bitcoin has struggled amid risk-off environment Pullback has been so severe that majority of […] The post Most of the Bitcoin supply is now loss-making appeared first on CoinJournal.

2022-12-23 15:28


Фото:

$135K for December: Stock-to-Flow Creator Lays out Bitcoin’s ‘Worst Case Scenario for 2021’

The pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has published his “worst case scenario for 2021” predictions on social media on Sunday. The analyst says there’s also a “more fundamental reason” to why bitcoin prices have been dropping in June and how the month of July may see “weakness” as […]

2021-6-21 08:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru