Bitcoin ends the week below $ 35,000, with the coin trading at $ 33,670 on Saturday. According to some analysts, BTC is unlikely to break through to $ 35,000 in the coming days.
Network activity remains weak, which means that no serious movements in the market will take place soon.
Data from the Santiment team show that since mid-June, the whales, whose addresses control between 100 and 10,000 bitcoins, have predominantly sold cryptocurrency.
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In two weeks, such players have sold 60,000 coins. As a result, the share of the digital currency they hold decreased from 49.09% to 48.37% of the total BTC supply.
The researchers also note that at the moment under the control of such "whale" wallets are a total of 9.06 million bitcoins.