Bitcoin whale and retail ‘major divergence’ is a warning sign: Santiment
Santiment said Bitcoin’s retail-whale divide is a flashing warning sign, while other analysts anticipate new highs on a macro rebound.
Bitcoin retail investors are snapping up Bitcoin as whales sell off, a pattern that could signal trouble for the asset’s price if history is any guide, according to sentiment platform Santiment.
However, other crypto analysts are divided on how the coming weeks will unfold for Bitcoin (BTC).
“Historically, prices tend to follow the direction of the whales, not retail,” Santiment said in a markets report on Saturday.