Bitcoin's Whales Dumped In 2022 But Profits Now Stays In Stablecoin Wallets

Key Points: According to the crypto analytics platform Santiment, the profits gained by Bitcoin (BTC) whales following the conclusion of the bull run last year were not cashed out into fiat currencies. According to Santiment, once the bull market came to an end in 2021, Bitcoin whales moved their riches into stablecoins.