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Santiment Reveals Bitcoin Whales Accumulates $3,400,000,000 While Market Was In Dip

According to Santiment, Bitcoin (BTC) whales are enjoying the recent dips as a perfect entry for them.

Furthermore, recent data by Santiment Reveals that Bitcoin whales acquires $3,405,790,900 worth of BTC in the last dip.

“Bitcoin has recovered back to $50.1k Monday, and whale traders played the dip to perfection.”

So, Santiment adds.

But, the data also reveals them selling the same amount before the dump.

“Beginning during the dump to $43.5k, addresses holding 100 to 10k BTC…”
“have accumulated 67k more BTC after dumping the same amount before the price drop.”

Then, Santiment continues.

Currently, BTC is at $59,793, indicating around 17% increase from $43,500.

More so, As per Santiment, the recent market volatility is not stopping Bitcoin from having it’s record of outperforming other asset classes over 2yrs ago.

“Bitcoin is back at $48.2k, and its price is still +563% compared to where it was two years ago ($7.4k).”

“This chart shows the progress of BTC, compared to the SP500…”
“(+44%) & gold (+22%), indicating each sector’s highs and lows over this timeframe.”


Additionally, Santiment explains there are pointers showing Bitcoin. Of course, and a few other cryptos such as XRP, Shiba Inu (SHIB) and Litecoin (LTC) still have space for growth.

“Our ‘Strong and Oversold’ screener indicates some assets are showing signs…”
“of having suppressed prices compared to their fundamentals.”

Lastly, Santiment concludes.
“Our requirements for this list include high market cap, volume, and address activity.”

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.