Summary
- Bitcoin rose to $81,700, reaching its highest level in three months.
- Whales and large investors holding 10 to 10,000 BTC accumulated 16,622 BTC this month, while small investors were net sellers.
- Santiment said this combination of whale accumulation and a retail investor exit has historically aligned with strong bull markets and is a typical early bull-market pattern.
Forecast Trend Report by Period
Bitcoin climbed to a three-month high, with on-chain data suggesting bullish signals are strengthening as whale accumulation coincides with retail selling.
On-chain analytics platform Santiment wrote on X on May 5 that Bitcoin had risen to $81,700 and that supply-demand flows among major investor groups were showing a clear shift.
Wallets holding 10 to 10,000 BTC, a cohort that includes whales and other large investors, accumulated a total of 16,622 BTC this month, or about 0.12%, according to the data. Wallets holding less than 0.01 BTC, by contrast, were net sellers of 28 BTC, or about -0.05%.
Santiment said the pattern is typical of the early stages of a bull market. Price momentum often strengthens when large investors are accumulating while retail traders pull back from the market.
Historically, periods of simultaneous whale accumulation and retail selling have coincided with strong rallies, Santiment added. While the current sample period is short, it said the trend is still a positive signal that could justify further gains.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
