Bitcoin: Small investors are selling, big investors are buying

Bitcoin whales are reportedly buying more cryptocurrency while smaller investors are selling off their holdings.
On the 31st, blockchain analysis platform Santiment announced that it had acquired X (formerly Twitter)
"The number of wallets holding over 100 bitcoins has topped 16,120," he wrote in a post, adding, "The number of Bitcoin whales is on the rise while cryptocurrency prices disappoint retail investors.
"The number of wallets holding at least 100 BTC increased by 283 in just one month," he said.
Wallets are also increasing their holdings. The platform has reported that wallets holding between 10 and 10,000 BTC have increased by $7.6 billion in the past 30 days.
The report also estimates that whales have accumulated 133,000 Bitcoins, a tally that is estimated at 1.5 trillion won ($1.2 trillion) in 2019. While smaller traders are selling off their assets, whales are buying up more of the cryptocurrency.
Adam Back, CEO of Blockstream and inventor of Hashcash, said, "After the price of Bitcoin exceeded $62,000 (approximately 9.08 million yen) in August,
"Once it fell to around $58,000 on the 28th, whales began buying Bitcoin," he said.
After the drop on the 28th, whales were buying 450 BTC each day, which is mined daily.
"It's the same number as Bitcoin," he added. Sentiment attributed the increase in whale activity to "smaller investors continuing to pledge their holdings."