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Small Bitcoin investors stop whales from crashing BTC price below $18K By Cointelegraph



Small Bitcoin investors stop whales from crashing BTC price below $18K

An army of small (BTC) investors has been fighting with their larger counterparts for months to keep the price above $18,000.

Notably, there has been some on-chain divergence between so-called whales (entities that hold more than 1,000 BTC) and fishes (entities that hold relatively smaller amounts of BTC) as Bitcoin continues to fluctuate inside the $18,000-$20,000 area.

Bitcoin supply held by entities with 100-1K BTC balance. Source: Glassnode
Bitcoin supply held by entities with balance 1K-10K BTC. Source: Glassnode
Number of Bitcoin whales vs. BTC price. Source: Glassnode
and 40-day correlation coefficient. Source: TradingView