Bitcoin Whales Drastically Reduce Holdings, What's Happening?

BTC holdings held by whales down in recent months Bitcoin $BTC Crypto inflation recession

a spike in Bitcoin interest on social platforms over the weekend. It noted that among the top 100 cryptos, Bitcoin was the subject of discourse in over 26% of discussions for the first time since mid-July. Santiment added,"Our backtesting shows 20%+ dedicated to Bitcoin is a positive for the sector.

"The Root, an on-chain data-focused Twitter handle, shared an analysis that might suggest that Bitcoin may soon reach its bear market bottom: "Short & Long Term Holder cost basis just crossed. Previous bear market bottoms happened within days of crossing. Is this time different?" The Root tweeted.Crypto analyst Will Clemente believes Bitcoin might have started a bottoming process.

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