As you already know by now, Bitcoin’s price fell significantly a few days ago, triggering panic among some investors.
Others were simply happy that they could buy more BTC al lower prices.
For instance, Anthony Pompliano shared the following tweet:
I bought more bitcoin last night.
I bought more bitcoin this morning.
Dollar cost averaging and multi-year time horizons allow you to view price decreases as opportunities to buy a great asset on sale.
— Pomp 🌪 (@APompliano) November 26, 2020
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $16,964.03.
New Glassnode analysis addresses Bitcoin selling price
Now, it’s been revealed that new analysis from the crypto intelligence company Glassnode addresses the price at which Bitcoin investors are willing to sell some of their holdings.
As the online publication the Daily Hodl notes, the firm is tracking behaviour from holders of all sizes and says that investors who own 0.1 to 1 BTC began to sell when BTC hit $13,500.
“Holders with 1 to 10 BTC began selling at $15,200. Large investors with 100 to 1,000 BTC started selling when Bitcoin hit $18,000,” according to the notes.
Regarding the biggest investors in the space with 1,000 BTC or more, Glassnode said that they refused to sell and they were still buying while BTC was rallying a few days ago.
It’s also important to mention the fact that the number of Bitcoin whales in existence recently shattered an ATH with 2,000 whales in existence.
On this #Bitcoin rise, our data showed behavior from various holder sizes:
🐟 0.1-1.0 $BTC holders – began selling at $13.5k
🐠 1.0-10 $BTC – began selling at $15.2k
🦈 100-1,000 $BTC – began selling at $18.0k
🐳 1,000 – 10,000 $BTC – still accumulatinghttps://t.co/6V5iB7Ueuh pic.twitter.com/VZFZPqFuYF
— Santiment (@santimentfeed) November 25, 2020
“The number of Bitcoin whales (entities holding at least 1,000 BTC) has reached a new ATH after more than 4 years. An entity is a cluster of network addresses controlled by the same individual/institution,” Glassnode pointed out.