According to Santiment, 135 new Bitcoin wallets holding 100 or more BTC emerged in February as retail traders exited the market amid volatility. On-chain data shows that large holders have been accumulating BTC while smaller investors have been trimming their positions. Santiment believes that this trend sets up the crypto market for a rise, but it may take a few more weeks or even months to materialize. Analysis from IntoTheBlock and CryptoQuant supports the data, showing that whale holdings have remained unchanged while investor holdings have increased slightly. CryptoQuant's Ki Young Ju suggests that these large holders are strategically accumulating BTC to exploit market fluctuations.



Other News from Today