Santiment: In February, Bitcoin whales continued to accumulate, while the number of small wallets significantly decreased

ChainCatcher message, the cryptocurrency market research agency Santiment disclosed that during the current market volatility, Bitcoin whales continue to accumulate.

Data shows that in February, the number of wallets holding 100+ BTC increased by 135, while the number of wallets holding less than 100 BTC decreased by 138,680. In particular, small retail investors who entered the market for the first time in the past 6 months chose to liquidate due to market fluctuations.

Santiment stated that this trend of coin quantity concentrating among whales creates an ideal environment for the rise in cryptocurrency market capitalization, but it may take weeks or months to reflect its impact.