Bitcoin: According to a new report from blockchain research firm Santiment, Bitcoin whales have continued to buy Bitcoin with the latest market drop.
According to Santiment, active Bitcoin whale wallets containing between 100 and 10,000 BTC bought around 40,000 BTC during the cryptocurrency market crash that started last week.
According to Santiment, Bitcoin supply on exchanges is also on a downward trend with the latest drop in the cryptocurrency market. Also, according to the blockchain analytics firm, Bitcoin’s current social sentiment is at a seven-week low. It is discussed in the crypto community that this and such data could trigger a new uptrend in Bitcoin and the rest of the cryptocurrency market.