How Supply Distribution Trends Can Affect Bitcoin’s Price, According to Santiment

Description

As bitcoin’s price consolidates and traders speculate about the asset’s next trajectory, the market intelligence platform Santiment has highlighted how supply distribution trends can offer insights into the cryptocurrency’s price movement. Supply distribution data shows how different groups of investors hold cryptocurrencies. This metric takes into account the wallet sizes of small and large investors, especially whales and users who own non-empty wallets. The Effect of Supply Distribution Trend...