Experts from Santiment have identified a trend of Bitcoin accumulation by key market players. Based on their data, addresses that most closely correlate with the overall state of the crypto market (holders of 10 to 10,000 BTC) have accumulated an additional 81,338 BTC over the past six weeks.
This is reported by Business • Media
As a result, analysts believe this could contribute to Bitcoin rising to $100,000 in the near future. In their post, Santiment noted that “large Bitcoin holders are showing activity that indicates the potential for further price increases of the first cryptocurrency.”
“At the same time, small wallets (holding less than 0.1 BTC) sold 290 BTC — which is 0.60% of their holdings during the same period.”
Experts also emphasized that when large players gradually accumulate assets amid panic selling by retail investors, it is usually a strong long-term signal that the market is preparing for a new breakout.
It was previously reported that an unknown Bitcoin whale moved 2,343 BTC after 11 years and eight months of inactivity.