Blockchain analytics platform Santiment says that deep-pocketed investors are scooping up a massive amount of one crypto asset as Bitcoin’s (BTC) price hovers.
Santiment says that crypto sharks and whales are keeping a close eye on Bitcoin’s price action in the range of $30,000 as they accumulate a big supply of stablecoins, including Pax Dollar (USDP) and Dai (DAI).
The accumulation of stablecoins set the wealthy digital asset investors up to possibly make large crypto purchases in the near future, according to Santiment.
