Bitcoin Selling Price Addressed By Glassnode Analytics Firm – Whales Keep Accumulating BTC

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:

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.

“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.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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