Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: cryptochris1 on January 13, 2019, 04:36:07 AM
-
60% of the total bitcoin can be traced to whale accounts, most of these wallets have been dormant for between 6 months to the last 2.5 years. They've begun stirring, there were 3.8 million inactive bitcoin accounts in mid-September and only 2.8 million inactive by end of December, almost a 30% drop in dormant accounts leading some to speculate that there might be some serious volatility on the horizon or that at least something big is happening. The big boys can move the entire market with a single transaction, moving around large amounts of BTC thereby leading investors to panic sell or gain buying interest.A recent report from Bloomberg, which cited statistics from analytics provider/aggregator Flipside Crypto, revealed that whales have begun to act up, potentially indicating that chaos is set to ensue in the coming months.
Flipside’s head of data science, Eric Stone, claimed that there’s “definitely [been] a big shift,” explaining that these statistics could indicate that drastic price swings may be inbound.
A lot of experts believe that we haven't seen the bottom yet in Bitcoin and that it might drop below 3k before the next bull run takes off. We shall see.