Bitcoin Whales Profiting As ‘weak hands’ Sell BTC

Weak hands and weak people only make whales and hodlers happy who are more than willing to scoop-up cheap(er) Bitcoin

Bitcoin whales are profiting as ‘weak hands’ sell BTC throughout $40K bull run

“Compiled by Elias Simos, protocol specialist at blockchain infrastructure provider Bison Trails, the numbers suggest that the wealthy have been profiting from Bitcoin being sold by smaller investors throughout December and January.

‘Addresses with more than 1k $BTC continue growing at the expense of all others–even as this most recent downturn is taking effect,’ Simos summarized.

‘While you were selling, whales were gobbling up your Bitcoin…’”

https://cointelegraph.com/news/bitcoin-whales-are-profiting-as-weak-hands-sell-btc-throughout-40k-bull-run

 

Master Asked on January 11, 2021 in Bitcoin.
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