Bitcoin price today (8/3) is around 3.850 USD, how many bitcoin does 'shark' have?
How much does Bitcoin shark and bitocin cash have?
Chainalysis have just divened shark market into 3 groups: "criminal shark", "early buying shark" and "trading shark".
There is an amazing thing that bitcoin cash take over about 250% of cryptocurrency per holding. Then how much is it? To become shark, you have to hold at least 15.000 bitcoin. Meanwile, to become bitocoin cash shark, you have to hold 30.000 bitocin cash.
Early-buying sharks, who jumped into the market at an early stage in large numbers, also fell from 9% to 5% at the moment as they sold off while the market spiked.
And trading sharks, they are people who create stable price effect for the market.
Whether the bitcoin sharks bought from the beginning cause market manipulation? The answer of Chainalysis is not. While early buyers have also shown signs of trying to collect more bitcoin, and then it is still not enough for them to switch to another category.
