Santiment "Whales Accumulating Bitcoin... Positive Signal"

Global on-chain analysis platform Santiment revealed on the 16th that "whales are accumulating Bitcoin (BTC)."

Santiment stated in its report that "the accumulation of wallets holding more than 10 Bitcoins seems to have resumed," adding that this is a "very positive signal following the sudden (price) stagnation in the latter part of last month and the first week of this month."

It also hinted at the possibility of a rally. Santiment noted, "The number of non-empty wallets has decreased over the past six weeks," explaining that "this is because small individual investors sold coins to realize profits and time the peak." It added, "In Bitcoin's history, there have been many cases where whales accumulated coins sold by individual investors during such wallet declines, leading to a major bull market."