Crypto analysis platform Santiment shared data that crypto whales have been buying Bitcoin and stablecoins in recent days. According to the information given by the company; Accounts with funds between 100 and 10 thousand BTC have made $ 726 million purchases in the last 9 days. In addition, accounts with stablecoins between 100 thousand dollars and 10 million dollars are also heavily buying USDT, BUSD and DAI.
In the evaluation made on the subject on Santiment’s blog page, attention was drawn to the increase in whale addresses:
“When the percentage of whale addresses in all addresses increases, it means that investors are expecting a rise. However, in the last 3 weeks, 159 new accounts have been added to addresses holding between 100 and 10 thousand BTC. This figure marks the fastest rise in the last 10 months. Looking at all the data, as we approach the end of 2022, it is difficult to know what development will take place on which day, but the data shows us that we are on a good track and that, as some say, crypto is not dead, or even far from dead.”
The company also said about the chart shared below, “If the lines go down, it is a bad sign and means that especially institutional investors are exiting the market. However, if it is rising, it indicates that the big players are buying more every day.”