Santiment: Bitcoin whales are still accumulating, the number of wallets holding over 100 BTC increased by 135 in February

Santiment posted on X stating that during the mid-term decline and significant fluctuations in cryptocurrency, Bitcoin whales are hoarding more tokens. For small retail traders, especially those who entered the market for the first time in the past 6 months, volatility leads to their liquidation.

Overall, in February, wallets holding over 100 BTC increased by 135 while wallets holding less than 100 BTC decreased by 138,680. This is an ideal setup for a rise in cryptocurrency market value even if it takes several weeks (or even months) to see the widespread bullish impact of whales absorbing tokens.