Santiment shared a chart that shows that systematic purchases of the flagship cryptocurrency over the past two months took place right before the BTC price advanced from under the $17,000 level, assuming that these purchases made a great contribution to these price surges. prevented its fall below the $16,700 level. In the past 10 weeks, per Santiment, owners of these wallets grabbed a whopping 105,600 Bitcoin.
Then small whales made their purchases, adding 67,000 Bitcoin over the past eight weeks. This fueled Bitcoin's rebound to the $18,000 level, Santiment believes.Finally, large whales stepped in as they acquired 37,100 BTC over the last 10 days. The chart shows that this purchase pushed Bitcoin over the $21,000 level briefly.
santimentfeed Short squeeze
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