Crypto Market Analysis: Small Whales and Retail Investors Key to Bull Market Peaks

IconCryptoNewsTerminal Staff14 Jun, 2024

cryptonews.jpg

Crypto Market Analysis: Small Whales and Retail Investors Key to Bull Market Peaks

Crypto analyst Crypto Dan analyzed on-chain data to find that the influx of small whales and retail investors can indicate the peak of a bull market. In the early stages of a bull market, large whale addresses tend to move, while the activity of small whales and retail investors remains minimal. However, as the bull market progresses, the proportion of small whales and individual investors increases rapidly, leading to a surge in the price of Bitcoin. Crypto Dan believes that this trend is evident in the current market, suggesting that there could be more capital inflow and strong Bitcoin performance in the future.

Related News