Small Bitcoin Investors Stop Whales From Crashing Btc Price Below $18K

  • Posted on October 24, 2022
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  • By FC Team
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An army of small Bitcoin (BTC) investors has been fighting with their larger counterparts for months to keep the price above $18,000.Notably, there has been some on-chain divergence between so-called whales (entities that hold more than 1,000 BTC) and fishes (entities that hold relatively smaller amounts of BTC) as Bitcoin continues to fluctuate inside the $18,000-$20,000 area.Bitcoin supply held by entities with 100-1K BTC balance. Source: GlassnodeBitcoin supply held by entities with balance 1K-10K BTC. Source: GlassnodeNumber of Bitcoin whales vs. BTC price. Source: GlassnodeBTC/USD and XAU/USD 40-day correlation coefficient. Source: TradingViewContinue Reading on Coin Telegraph Investing.com

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