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Are Bitcoin Whales Selling Their BTC? Here’s How Crypto Investors Are Playing the Markets, According to Glassnode

New analysis from the crypto intelligence company Glassnode is pinpointing the price at which Bitcoin investors are willing to sell some of their holdings.

The firm is tracking behavior from holders of all sizes, and says investors who own 0.1 to 1 BTC began to sell when the leading cryptocurrency 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.

As for the biggest investors in the space with 1,000 BTC or more, Glassnode says they have refused to sell and were still buying at the height of BTC’s recent rally.

The number of Bitcoin whales in existence recently shattered an all-time high (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.”

Source: Glassnode
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