Santiment: Whales have increased their holdings by 56,227 BTC since mid-December, but retail investors have started taking profits, predicting that the current market is a bull trap.

On January 6, the crypto market research firm Santiment posted on social media that since December 17, large whales and major holders with 10-10,000 Bitcoins have accumulated a total of 56,227 BTC. This movement signals a local bottom in the cryptocurrency market. Although the overall market trend remains relatively flat, the bullish divergence created by the accumulation behavior of large holders is destined to push the market to at least a slight breakout. In the past 24 hours, the market situation has further improved because retail traders (holding Santiment data indicating that, based on the indicators, the current market has entered a bullish zone, and the probability of the total cryptocurrency market cap continuing to grow is higher than usual. However, caution is still needed, as whales may change their minds at any time and quickly take profits and exit.