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Santiment: The number of wallets holding more than 100 BTC increased by 135 in February
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3 hours ago 6,197
Golden Finance reported that crypto market research firm Santiment tweeted that Bitcoin whales have accumulated more tokens during the mid-term decline and major volatility of cryptocurrencies. For small retail traders, especially those who have entered the market for the first time in the past 6 months, volatility has led to their liquidation. Overall, the number of holdings of 100+ BTC wallets increased by 135 in February, while the number of holdings of less than 100 decreased by 138,680. This is an ideal environment for rising cryptocurrencies’ market capitalization, even if it takes weeks (or even months) to see the general bullish impact of cryptocurrencies being absorbed by whales.
Keywords: Bitcoin
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