The number of addresses holding 1000 Bitcoin [BTC] has continued to decrease according to a recent update from Santiment.
The on-chain analytics platform tweeted on the first day of March that these whales who were instrumental to the BTC price jump in January and February were now only 2,011 in number.
As revealed by Santiment, this number represents the lowest in about three years. Usually, massive whale accumulation results in price increases.
However, dumps by this same group put cryptocurrencies like BTC at risk of decline. So, will BTC eventually succumb to the pressure from these whales?Read more on ambcrypto.com