Bitcoin whales are being overshadowed by small investors who are piling up, says network analyst

Charlie Taylor

Bitcoin Whale Concept. Large holders of coin Manipulated currency valuationsPopular network analyst Willy Woo revealed that the biggest bitcoin “whales” have been somewhat overshadowed by recent purchases by low-volume individual investors who are taking advantage of the BTC's declines to accumulate cryptocurrencies. with cryptocurrency analyst Tone Vays, released by the Daily Hodl, Woo said investors with 10,000 BTC or more are at risk of extinction as they have been distributing their wealth since 2012 to smaller investors. , that is, the extreme of the extreme. This is not to say that whales, in general, are losing volume. On the contrary, in times of falling prices, whales tend to take the opportunity to accumulate. During the interview, Woo said that the “mega-rich” are disappearing from the blockchain, in what he called “a story of massive redistribution of coins for distribution uniform, which is exactly what you want in a currency network.” According to him, since 2017, smaller investors have been accumulating BTC, while larger investors are selling part of their funds, to take profits. For Woo, this liquidation is a sign bullish, because the big whales holding large volumes are not a good sign in the long term (this is because it is enough that some of them want to sell, for the price to fall), but the distribution of wealth is "for the sake of decentralization". noting that the emerging classes of investors have been growing steadily. Read more: Buy and sell Bitcoin and other cryptocurrencies at Coinext
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