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Bitcoin Tafolā Fa'atau e Ova i le $2,260,000,000 le Tau o le BTC I le taimi lata mai o le Fa'asa'oga Crypto: Analytics Firm Santiment
Bitcoin (BTC) whales have been buying the dip, according to the crypto analytics firm Santiment.
O le kamupani faamatalaga on Twitter that active Bitcoin whale addresses holding between 100 to 10,000 BTC accumulated about 40,000 BTC during last week’s price dip. With Bitcoin trading at $56,588.01 at time of writing, that amount of BTC is currently worth about $2.26 billion.
puna: Santimentfeed/TwitterFai mai foi Santiment Bitcoin supply continues to move off of exchanges despite the recent bearish price action, which lowers the risk of a mass selloff.
#Bitcoin has sunk -5.5% in the past 24 hours and is on the verge of dropping below $56k once again. Despite this, $ BTC's supply continues moving away from exchanges, lowering selloff risk. $ USDT also remains high on exchanges, indicating high buy power. https://t.co/wWHIdYxzNs pic.twitter.com/4dkr086zqM
- Santiment (@santimentfeed) Novema 22, 2021
gata i lea, Bitcoin’s current social sentiment is at its most bearish level in seven weeks, tusa i le kamupani au'ili'ili.
Santiment’s weighted sentiment tracker iloiloga the positive and negative commentary surrounding a crypto asset. The firm says prices tend to top out when social sentiment gets too high and bottom out when the metric gets too low.
puna: Santimentfeed/TwitterSantiment has also tracked a change in Binance funding rates.
"O afea Bitcoin was well above $60k from mid-October to mid-November, Binance’s funding rates for most assets were well in positive territory. This is indicative of trader over-confidence, and prices often overcorrect. Now, things look far more neutral.”
Bitcoin is down more than 18% from its all-time high of $69,044.77, reached about two weeks ago.
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Le pou Bitcoin Tafolā Fa'atau e Ova i le $2,260,000,000 le Tau o le BTC I le taimi lata mai o le Fa'asa'oga Crypto: Analytics Firm Santiment faʻaalia muamua Le Aso Taʻitasi Hodl.
Punavai autu: Le Aso Taʻitasi Hodl