Bitcoin whales have been among the most active sellers recently.
According to the Santiment report, they have been getting rid of the accumulated cryptocurrency over the past few months. As a result, their reserves have fallen to a three-year low.
Just last week, whales changed tactics and started to return to the cold storage of BTC.
The company researchers have found that the amount of cryptocurrency held by addresses with a balance of 100 to 10,000 coins has decreased to 45.6% of the total supply of Bitcoin.
At the same time, small and medium investors, on the contrary, have been buying coins since the spring, taking advantage of the market collapse. The largest whales, controlling more than 10,000 Bitcoins, also followed an accumulative strategy. Their reserves are at their highest since February last year.
