Bitcoin on the Rise: Small Investors Cash In, Large Wallets Cautious

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Small Investors Thriving
  2. Market Volatility
  3. Large Wallets' Activities


    4. After a sharp decline in September, Bitcoin is back on the rise, triggering action from both small and large investors.

    Small Investors Thriving

    This week, Bitcoin surged to $58,000, prompting short-term holders to sell nearly 14,816 BTC, amounting to approximately $850 million. Analyst Ali Martinez confirmed, "Short-term holders of Bitcoin took advantage of the recent price increase to sell approximately 14,816 BTC."

    Market Volatility

    Between September 8 and 10, several significant selling peaks were observed. The most notable were: September 8 - 2,000 BTC sold; September 9 - over 4,000 BTC sold; September 10 - up to 14,000 BTC sold. During these days, Bitcoin crossed critical levels, inducing increased trading activity.

    Large Wallets' Activities

    While small investors are actively trading, large wallets seem to be adopting a wait-and-see approach. Over the past month, there has been a significant decrease in addresses holding between $10,000 and $100,000 in Bitcoin (-3.39%), as well as those holding between $1 million and $10 million (-2.83%). Leading crypto exchanges like Binance and BitMEX are recording an increase in short positions, reflecting skepticism among large players.

    The rise of Bitcoin has led to active trading by short-term investors, while large holders remain cautious. Whether this rise will be sustainable or bring a new wave of volatility remains to be seen.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Hut 8 Wins Bid for Poolin's Texas Datacenter Sites

Hut 8 has successfully bid $140 million for two datacenter sites owned by the bankrupt mining company Poolin.

user avatarLucas Weissmann

Senate Banking Committee Democrats Request Hearing on Prediction Markets

Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.

user avatarFilippo Romano

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.