Bitcoin Elite Still Dumping, While Retail Expects Pumping...

📉 Bitcoin is down to $101.8K, now concerning traders with the prospect of the asset dropping below$100K for the first time since June 22nd.

🐳 Whales and sharks holding 10-10K $BTC hold 68.5% of Bitcoin's supply, and have dumped 38,366 coins since October 12th (a -0.28% drop).

🦐 Shrimps holding <0.01 $BTC hold 0.25% of Bitcoin's supply, and have accumulated 415 coins since October 12th (a +0.85% gain).

📊 In short, bulls need to see this trend completely flip in order to expect a sustained price rebound for all of crypto. Markets rise when key stakeholders accumulate the coins that small wallets shed.

👋 Micro traders (shrimp) need to show capitulation and fear, losing patience and selling off their coins at a loss as whales scoop them up and begin reaccumulating. When this happens (and it will), it will signal a market bottom and an ideal time to buy. We will keep you posted when signs of this become clear.

🔖 Keep tabs and bookmark this Santiment chart to see when this bearish pattern flips to bullish.

---

এটি আর্থিক পরামর্শ নয়। DYOR।