The Whales Seem to Keep Buying Bitcoin During the Christmas Holiday

According to the on-chain data, the big address holders are buying Bitcoins more aggressively during the Christmas holiday. Around $647 million worth of Bitcoin was likely transferred from small addresses to large addresses, the Santiment’s report says. As the crypto market is operated 24/7, traders are more likely to take chances to trade anytime they want. The fact shows that the recent overextended rally and the holiday period did not stop the whales from keeping accumulating Bitcoin. Therefore, we expect the bullish sentiment remains strong and the next bull run is about to come.

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