Santiment: Recent Increase in Bitcoin Whale Addresses and Decrease in Retail Addresses Typically Signals Market Upswing
Cryptocurrency market analysis firm Santiment has released a chart analysis showing that recent trading behaviors of Bitcoin whale wallets and regular wallets are sharply contrasting: wallets holding more than 10 BTC increased by 231 in the past 10 days, while wallets holding between 0.001 and 10 BTC decreased by 37,465 over the same period. Santiment notes that historically, when large wallets accumulate Bitcoin while retail investors lose confidence, it is often a reliable indicator that bullish momentum is about to return to the crypto market.
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