📊 Big whales are silently accumulating...

While the Crypto Fear & Greed Index has remained stuck in fear territory for nearly a month, Glassnode data reveals that whales holding between $1,000 and $10,000 BTC have been buying more since the price broke through the $80,000 mark.

Meanwhile, wallets with less than 1,000 BTC are capitulating and selling.

🗞 coindesk

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Discussion

Newbies have no stomach for even the teensiest bit of volatility or stagnation. Whales have a long time horizon. They have studied Bitcoin and know what they're doing when they exchange fiat for bitcoin. Diamond hands. 🧡✨

❤️❤️

Still no clue why people call them whales, it makes absolutely no sense in this context.

Also, noobs can see the dollar cratering in realtime and are willing to put a little faith in a system not created to make the already rich, richer.

And lastly, if they are worried because of recent dips in the price, all you have to do is pull back and look at the big picture, that’s where you’ll see the consistent rise in price.