The price of bitcoin has seen better days, as the coin’s value hit $59,600 four days ago and then saw the exchange rate tumble to a low of $45,700 per unit on May 12. There have been talks of whales selling coins and data shows that there’s been some large wallet inflows. However, onchain data shows that the whales are either dispersing funds into multiple wallets or bitcoin is being distributed more evenly to smaller fish.
Number of Bitcoin Whales With 1K Bitcoin or More Declines, Sharks, Dolphins, and Small Fish Increase
While cryptocurrency markets approach the weekend, traders and speculators are wondering what will happen next with these volatile price changes. During the last 48 hours, bitcoin (BTC) and a myriad of other digital currencies have seen massive fluctuations in fiat value.
As usual, cryptocurrency participants have been looking at the count of “bitcoin whales,” and have been assuming these large market players have been making massive waves.
Most people consi
