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Santiment: Large holders have accumulated nearly 5000 Bitcoins in the past week, and the market performance may improve in the second half of the month

Santiment: Large holders have accumulated nearly 5000 Bitcoins in the past week, and the market performance may improve in the second half of the month

Bitget2025/03/10 06:50

According to Santiment analysis, wallets holding more than 10 Bitcoins have experienced several key turning points in the past six months. The slight sell-off from mid-February to early March exacerbated the recent downturn in the crypto market, but since March 3rd, these large wallets have re-accumulated nearly 5,000 Bitcoins while retail investors panic. Data charts show several key time points:

Large holders began accumulating at the beginning of a bull market on October 12 last year; paused accumulation during holiday declines on December 26; resumed accumulation one week before Trump's inauguration on January 12 (when Bitcoin hit a historical high of $109,000); started selling off on February 19; and began accumulating again when retail sentiment was most pessimistic on March 3.

Santiment stated that although prices have not yet responded to major purchases by large holders, if these key stakeholders continue to accumulate, market performance in the second half of March may be better than after Bitcoin set a new record high for seven weeks following its "bloodbath".

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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