Santiment: Bitcoin "whales" continue to accumulate during the downturn

The cryptocurrency market analysis platform Santiment released data on social media stating that the price of Bitcoin has fallen to $89,400, while gold and silver continue to soar. Nevertheless, Bitcoin's "whales" and "sharks" are still accumulating.

"Whale" addresses holding 10-100,000 BTC: increased their holdings by 36,322 BTC (+0.27%) over the past 9 days; "shrimp" addresses holding less than 0.01 BTC: decreased their holdings by 132 BTC (-0.28%) over the past 9 days. Santiment indicates that the best times for a breakout in crypto assets often occur during phases where "smart money" is accumulating while retail investors are selling. Setting aside geopolitical factors, this flow of funds is continuously building a long-term bullish technical divergence.