Volatility Expands, But Bitcoin Whales And Sharks Aren’t Selling — They’re Buying More
Bitcoin briefly reclaimed $90,000 amid ongoing price fluctuations, but large holders (whales and sharks) are accumulating more BTC instead of selling. According to Santiment, addresses holding 10–10,000 BTC added 36,322 BTC over 9 days, signaling strong confidence. In contrast, smaller "shrimp" wallets sold over 132 BTC. This divergence—where smart money buys while retailers sell—is often a bullish indicator. Meanwhile, Bitcoin's Risk Index rose near "High Risk" levels, and the price is testing key support at $89,200. A hold could lead to a push toward $99,000, while a break may trigger a drop to $84,500.
bitcoinist01/22 19:32