"Whale" What Are They Doing When BTC Surges? Are They Accumulating or Selling? Here Is the Latest Data

In the latest market assessment of Bitcoin, cryptocurrency analytics firm Santiment states that the behavior of large investors (are identified as whales and sharks) plays a crucial role in market direction. According to the company, the cryptocurrency market often follows the movements of large wallets, while reversing the actions of small retail investors. Data from Santiment shows that “whale” and “shark” addresses holding from 10 to 10,000 BTC have accumulated a total of 56,227 BTC since December 17. Although this process is seen as a signal that Bitcoin has reached a local bottom, it is believed that, despite the market trading sideways for a period, this strong accumulation makes a slight rally inevitable in the future. Analysis indicates that the market outlook is even more positive over the past 24 hours. Profit-taking by retail investors with balances under 0.01 BTC suggests the formation of expectations for a “bull trap” or “fake rally” in the market, which, according to Santiment, has historically always been a supportive signal for the market. Santiment states that current conditions indicate the cryptocurrency market has entered what they describe as the “green zone,” suggesting a higher-than-normal probability of total market capitalization growth in the near future. However, this analysis also notes that no scenario is guaranteed, warning that large investors (whales) could quickly change strategies and take profits. The company also reminds that these positive phases can sometimes last for weeks, while at other times they may be limited to just a few days.