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Cointelegraph: Small Bitcoin Investors Stop Whales Crashing BTC Price Below $18K


Small Bitcoin investors stop whales crashing BTC prices below $18K

A small army of (BTC) investors has been fighting with their larger counterparts for months to keep the price above $18,000.

Notably, there was some on-chain divergence Between so-called whales (entities that have more than 1,000 BTC) & (entities which hold relatively less BTC) – Bitcoin fluctuates within the $18,000 to $20,000 area.

Entities with 100-1K BTC balances have Bitcoin supply. Source: Glassnode
Entities with balance 1K-10K BTC hold the Bitcoin supply Source: Glassnode
BTC price vs. the number of Bitcoin whales Source: Glassnode
and 40-day correlation coefficient. Source: TradingView