Santiment: Some Whales May Transfer Significant Token Amounts, Further Depressing BTC Prices
2024/01/15 22:45
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Data tracked by Santiment indicates that, in anticipation of the upcoming spot Bitcoin ETF, large Bitcoin wallets have rapidly moved older tokens, significantly reducing the holding duration of BTC in these wallets. Additionally, some whale addresses might still transfer substantial token amounts, potentially further depressing the average USD price of BTC.
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