The rally in Bitcoin may be delayed a bit, but the ideal environment has been created for price increase! - Coin Bulletin

robot
Abstract generation in progress

While the volatility in the crypto markets continues, Bitcoin whales continue to increase their holdings, with wallets holding (100+ BTC.

According to the data shared by Santiment, the number of wallets holding more than 100 BTC increased by 135 in February, while wallets with less than 100 BTC decreased by 138,680.

Small investors, especially those who entered the market in the last 6 months, sell due to the inability to withstand volatility, while large investors take advantage of the declines. Throughout history, similar scenarios have occurred, and when whales accumulate BTC during declines, it is generally considered a signal of a market rise.

Santiment notes that this accumulation model could push Bitcoin's market value up in the long run. However, it is emphasized that the effect of whales may take weeks or months to reflect in prices. While small investors' panic selling allows Bitcoin to fall into stronger hands, this indicates a significant transformation process in the market.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)