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Big Fish in Bitcoin are Eating Small Fish: Decreased by 227 Thousand! - Coin Bulletin
During Bitcoin’s declines, it is seen as a positive sign for large investors to buy assets held by small investors and for the price to move upwards in the long term.
According to the latest report from the on-chain data analysis platform Santiment, the recent fluctuations in the cryptocurrency market have led to small investors exiting the markets, especially. Santiment data revealed that the number of filled wallets in the Bitcoin network decreased by 277,240 units in the last 3 weeks.
This decline is seen as an indication that small investors are concerned about the future of the market, but in the past, this situation has created long-term positive signals for Bitcoin.
Positive for the long term
According to Santiment, during moments of market decline, large investors known as whales and sharks strengthen their positions by buying at falling prices while small investors sell. Historical data shows that buying by large investors during these periods supports the market moving upwards in the future.
On the other hand, some major altcoin networks such as Ethereum (ETH) and Ripple (XRP) continue to grow with more wallets.