It looks like the dealer Bitcoin and Ethereum Preparing for a new rise in the crypto market They are hoarding as much Bitcoin and Ethereum as possible. Before the price will rise in the near future.
According to crypto data analysis firm Santiment, holders of more than 1,000 BTC or more, valued at approximately $ 49.8 million, account for 42.56% of total supply, down from 43.29%. On February 8, shortly afterward, the Bitcoin price hit a new all-time high of $ 58,000.
The report states that If the bookmakers hold over 43% of their total supply of Bitcoin, it will be “an indication that they are preparing for a new uptrend.”
Santiment also pointed out that the 10 largest Ethereum wallets not owned by the cryptocurrency exchange platform. “The combined supply was the most since July 2016, reaching 16.86 ETH.”
Earlier this month, more than 1 million ETH ($ 1.57 billion) was held in these wallets. Which shows that they are preparing for an upcoming uptrend.
In other tweets, Santiment also pointed out that. While BTC and ETH dealers are preparing for a new uptrend. Crypto coins with small market capitalization It appears to be increasing in value against the top cryptocurrencies. This is likely due to the demand from retail investors.
medal Altcoin The higher yields for both BTC and ETH are Polygon (MATIC), Enjin (ENJ), Theta Fuel (TFUEL) and XinFin (XDC). The world’s number one riphon is struggling to recover above $ 50,000 once again.
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