The market intelligence platform Santiment has emphasized the importance of monitoring supply distribution trends in understanding bitcoin's price movement. The platform's report suggests that bitcoin bull runs often begin when large investors, or whales, increase their holdings amid panic sales from smaller retail investors. When small retail wallets start decreasing their holdings, while whales accumulate more, it may indicate an upcoming price surge. Conversely, if whale wallets decline, it could lead to a price drop. Santiment also highlights the significance of monitoring the total number of non-empty wallets, as a rapid increase may indicate a market correction, while consolidation is seen as a bullish sign.



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