Experts at Santiment have identified a trend of Bitcoin accumulation by key market players. This could indicate a potential rise in Bitcoin’s price to $100,000 in the near future.
This is reported by Finway
Bitcoin Accumulation by Whales
Analysts note that over the past six weeks, addresses that most closely correlate with the overall state of the crypto market (owners of 10 BTC to 10,000 BTC) have accumulated an additional 81,338 BTC. This indicates the activity of large players in the market.
“At the same time, small wallets (holding less than 0.1 BTC), which typically show a delayed reaction to price changes, sold 290 BTC — this is 0.60% of their holdings during the same period.”
Market Outlook
Experts emphasized that the actions of large holders accumulating assets are often a signal for long-term market growth, especially against the backdrop of panic selling by retail investors. Previously, the movement of 2,343 BTC by an unknown Bitcoin whale after 11 years of inactivity was recorded, which may also indicate increasing market activity.