The Bitcoin universe, where chaos and profit intertwine, just spat out its latest plot twist. On one side, looming like digital Moby Dicks, are the whales.
On the other, eager retail investors clutch their Satoshis with the hope of finding treasure at the bottom of the crypto ocean.
But now Santiment says when whales retreat, the tide might not be in your favor.
Cautionary signals
From October 12th, as reported by Santiment, these Bitcoin whales have dumped roughly 32,500 coins into the wilderness.
Small retail wallets have gone on a shopping frenzy, gleefully scooping up the digital breadcrumbs whales leave behind. There’s a catch, though, history tends to side with the big fish.
When Bitcoin split between cohorts like a contentious family dinner, Santiment threw up the “cautionary signal” flag high and proud.
The call to adventure begins! By November 4th, Bitcoin plummeted hard, a 15% nosedive unless you are fond of fast rollercoasters.
But never fear, for the hero (that’s Bitcoin) limped its way back, sitting above $100,000 again, as of the latest count.
Consolidation and volatility
Santiment points to a “major divergence” between large and small investors, a sure sign the journey could get bumpy.
Some crypto wizards (namely analysts at Bitfinex) see no dramatic surge ahead.
“Think less moonshot, more choppy waters,” they quip, fancying near-term consolidation and wild volatility over high-speed rallies to glory.
New ATHs by year-end?
There1s a hope anyway, as Farside’s experts highlighted, spot Bitcoin ETFs recently broke a six-day losing streak, finally shutting off the $2.04 billion outflow spigot. they think if ETF inflows pump past $1 billion a week and macro market gods smile, Bitcoin could punch through to $130,000.
But let’s not pop that champagne yet. Yes, Bitcoin’s legendary year-over-year gains look less probable now, but our hero isn’t out of the fight.
With a decisive momentum boost, new all-time highs by year-end aren’t just fever dreams.
So, will retail investors triumph against the mighty whales? Or will the crypto gods turn their laughter toward those who swim against history’s current? We saw crazier comebacks, so who knows.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
