Bitcoin's Elite Are Finally Making Big Moves, Only Retail Holds Prices Back

🐳🦈 Bitcoin's whales and sharks have accumulated a net total of 47,584 $BTC thus far in December. This follows a long period of dumping from October 12th to November 30th, where their bags decreased by -113,070$BTC.

📊 In the chart below:

🟩 Key stakeholders accumulate, retail dumps (ideal for price to reliably move up)

🟦 Key stakeholders accumulate, retail accumulates (price goes more up than down)

🟨 Key stakeholders and retail moving sideways (unpredictable price action)

🟧 Key stakeholders dump, retail dumps (price goes more down than up)

🟥 Key stakeholders dump, retail accumulates (ideal for price to reliably move down)

📈 Thanks to the sudden accumulation of $BTC by 10-10K coin wallets (whales and sharks), prices have seen some positive momentum thus far in December (and putting Bitcoin back in a blue zone).

🤞 The only thing holding prices back is the fact that retail has been buying dips and trying to accumulate as well. If small wallets begin to dump their coins while whales accumulate them, we will almost certainly see an ascension like we saw in September and early October.

👀 Keep track of how key stakeholder and retail wallets are impacting price for Bitcoin and other top assets on this helpful Santiment chart template!

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वित्तीय सलाह नहीं है। DYOR।