What awaits Bitcoin Investors in July?

What awaits Bitcoin investors in July? Will July be profitable for Bitcoin? The bull run, which started in 2020, paused and started to decline last May and June. While the market is slowly recovering, On-chain data analysis firm Santiment says whales are moving for Bitcoin, which is driving the market. Together with expert crypto analysts and Santiment data, we will look at the possible movements of Bitcoin whales in July.

BTC Whales are Breaking New Records

On-chain data analytics firm Santiment says BTC whales buy 60,000 Bitcoins in one day. Noting that wallets with between 100 and 10,000 BTC have a total of 9.12 million Bitcoins, Santiment states that this amount is 100 thousand more compared to a month and a half ago. In addition, stating that small investors have been in panic since April, Santiment states that whales have accumulated BTC during this period. Accordingly, addresses holding at least 10,000 BTC bought about 90,000 BTC in less than a month. Underlining that this amount is half of the market, Santiment emphasizes that Elon Musk and Chinese FUDs cannot discourage whales. Investors, on the other hand, are paying attention to the July movements of whales and waiting.

Will Bitcoin Gain Value in July?

Analyst Mandy Williams said that whales are affecting the Bitcoin markets as usual, while the giant wallets have gained more than 5% after purchasing 60,000 BTC. Also, the leading cryptocurrency Bitcoin (BTC) managed to stay above $35,000 before its drop yesterday. While many investors fear the recent drop in Bitcoin's hash rate, July is starting off well for the biggest cryptocurrency, according to the analyst. Finally, Bitcoin's biggest loss in July was in 2011 and 2019. During these periods, BTC closed the months with a 19.7% loss, while in 2012 it experienced its most lucrative July with a profit of 36.5%. Let's take a look at Santiment's current data after Williams, who sees BTC as a lucrative investment for July. After the analyst said that the supply of BTC on centralized crypto trading platforms dropped sharply to the lowest level in the last six months, the Santiment team also expressed their belief that this shortage could prevent Bitcoin sales. https://twitter.com/santimentfeed/status/1411971284448202755?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1411971284448202755%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fkriptokoin.com%2Ftemmuz-bitcoin-yatirimcilari-icin-karli-olacak-mi%2F In addition, Bitcoin, with its price of $ 35,900, allowed small and large investors to make purchases. In this regard, Santiment says that the leading cryptocurrency, whose peak is $ 65,000, is slowly being drawn into cold wallets. Additionally, the company points out that the risk of large Bitcoin sales is reduced by this move.