Looking at the inflows to the platforms from entities that own Bitcoin by quantity, it appears that Bitcoin owners who own 10-100 Bitcoins are the most likely to transfer Bitcoin to the platforms for the purpose of selling. These are individual investors. The selling behavior of this category of Bitcoin owners is mostly due to a state of uncertainty and quick profit-taking operations. In contrast, the whales’ movements are still limited and do not show significant activity in transferring Bitcoin to the platforms.
Written by Arab Chain
