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Data: Santiment, whale and shark addresses have collectively accumulated over 61,000 Bitcoin in the past month.
Mars Finance news. According to a report by Cointelegraph, Santiment data shows that over the past month, whale and shark addresses holding between 10 and 10,000 BTC increased their Bitcoin holdings by 61,568 BTC, with their holdings up 0.45%. In the same period, addresses holding fewer than 0.01 BTC added 213 BTC, an increase of 0.42%. The data shows that capital outflows from Bitcoin exchanges have continued throughout March, indicating that holders are accumulating rather than selling off. Santiment analysts said that whale accumulation could be a “positive signal” for a breakout from the current price range. Based on historical patterns, when large wallets accumulate and retail traders sell, it often signals the start of a bull market cycle. The conflict in the Middle East has continued to escalate since February, when the U.S. and Israel carried out strikes against Iran.