Santiment: Bitcoin whales are still accumulating, with 135 wallets holding over 100 BTC added in February
ChainCatcher news, Santiment posted on X that during the mid-term decline and significant volatility in the cryptocurrency market, Bitcoin whales are accumulating more tokens. For small retail traders, especially those who entered the market for the first time in the past 6 months, the volatility has led to their liquidation.Overall, in February, the number of wallets holding over 100 BTC increased by 135, while the number of wallets holding less than 100 BTC decreased by 138,680. This is an ideal setup for the rise in cryptocurrency market capitalization, even if it may take weeks (or even months) to see the widespread bullish impact of whales absorbing tokens.