Santiment’s analyst, in a 3 March YouTube stream, pointed out the dwindling interest of the whales in Bitcoin [BTC] and Ethereum [ETH]. As BTC’s price increased a few days ago, whales continued to dump their holdings. This is a cause for concern, as it could lead to a further drop in the king coin’s value.

<p lang=«en» dir=«ltr» xml:lang=«en»>After the sudden market drop about 10 hours ago, #crypto is back in recovery mode. But will it be short-lived? Are whales already making their moves with #Bitcoin back to $22.5k? Join our stream and find out!

Twitter: https://t.co/tdV9sHBGhA Youtube: https://t.co/QkbjmwURfY pic.twitter.com/V5SyUVT3gG

— Santiment (@santimentfeed) March 3, 2023

Read Bitcoin’s [BTC] Price Prediction 2023-24

In addition to that, Glassnode’s data revealed that Bitcoin’s total number of whales reached a three-year low on 4 March, reaching 1,663.

<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.com

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About this in other media

Bitcoin [BTC] bounces back: All you need to know as king coin crosses $26k ambcrypto.com /1 year ago

Want to get in on Bitcoin [BTC]? Here’s the long and short of it all ambcrypto.com /1 year ago

Bitcoin [BTC] may look poised to hit $25K, but here’s the ‘but’ of it all ambcrypto.com /1 year ago

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BTC and ETH see declining whale interest, is another bear cycle imminent?

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