Whales and Institutional Investors Remain in Bitcoin

 Whales and Institutional Investors Remain in Bitcoin The latest metrics show a different approach among institutional, large and retail players. Small speculators and small volume traders follow the market: they buy on the rally and get rid of coins when they reach round levels. Whales enter the market on a large scale in deep corrections and partially unload as prices rise. In 2020, the most conservative group is institutional investors. They continue to increase volumes despite the difficulties of breaking the $ 20,000 mark. According to the CryptoQuant analytical group, in the spring of this year, bitcoin whales prevented the price of Bitcoin from falling below $ 4,000. Subsequently, they unloaded some of the volumes on the rise in price, which was picked up by traders and institutional investors. However, it should not be assumed that the whales sold a significant amount. This year, the number of wallets from 1,000 BTC has grown by 17% or 302 units, and their total number has reac