Curious these BITCOIN graphics...
if they are curious is because they denote the behavior of the actors in the BITCOIN market over time and so, good conclusions can be drawn, but first of all, let's see them.
Graph of the Number of BITCOIN ADDRESSES with Balance > 1BTC, > 10BTC, >100 BTC and >1000BTC
As you can see, the little fish have done nothing more than take advantage of the continuous DIPS of BITCOIN in this Cycle, the number of addresses with more than 1BTC has increased by 20% since the last ATH of BITCOIN.
Instead, addresses with more than 10BTC have increased only 5%, and addresses with more than 100BTC have remained stable "through thick and thin".
Who is really determining the course of the market, are, obviously, the addresses with more than 1000BTC in their possession that have not stopped decreasing since the last ATH of BITCOIN, in fact they have decreased by 18%.
What does this all mean?
Surely more and more people are realizing that what really matters is the success of BITCOIN so that this whole phenomenon is consolidated and not the crypto world in general.
Knowing that there are not going to be many more opportunities to reach a significant stake in BTC, people are making DCAs and recurring purchases of it as if there were no other better opportunity.
On the other hand, we can talk about consolidated BITCOINERS, those who have more than 100BTC and who do not find it necessary to increase or decrease their stake, are comfortable in this territory and have no intention of moving from there, they are long-term BITCOINERS .
And then there are these whales with more than 1000BTC in their pockets, who move the market with their breath and seem to have not stopped selling since ATH.
Obviously, knowing what it will mean to have 1000BTC in the future, they are confident to "distribute" and make profits in the eternal competition against FIAT.
In any case, these whales move the market, we have to be smart to see when these cetaceans stop selling their BTC and reverse their trend, which will most likely indicate the end of the BEAR Market.
All we can say to date is that the "whales" are still distributing, I hope they start "accumulating" again soon...
