As December is around the corner, the crypto markets start to warm up awaiting the Santa Rally. Do you think that will happen? If you don't, others sure do as 50,000 BTC was purchased in just five days as investors get ready for the Santa rally. Major crypto investors bought 47,888 BTC over the last five days, according to Santiment, whales holding between 100 and 10,000 BTC sold off 1.36% of the crypto's total supply in the first three weeks of the month. Recent purchases are still well in excess of what was sold in November alone. Given that a "Santa Rally" typically begins on the financial markets in December, this raises the possibility that BTC whales have decided to begin amassing BTC.
4 comments
Interesting! Let's see what will happen.
Positive signs started appearing on the crypto market.
I didnt hear of a crypto santa rally before.
Well, it seems that today the crypto market has awakened. Let's see how high it can push.