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Bitcoin Surge: Elite Buyers Return

Bitcoin’s Whale and Shark Wallets Resume Accumulation

  • Whale and shark wallets have shown key turning points over the past six months.
  • Mild dumping occurred from mid-February to early March, impacting crypto prices.
  • Since March 3, wallets holding 10+ Bitcoin have accumulated nearly 5,000 BTC.
  • Bitcoin prices have not yet reacted to this recent accumulation.

From mid-February to early March, whale and shark wallets engaged in mild dumping, affecting crypto prices. However, since March 3, these wallets have collectively added nearly 5,000 Bitcoin without a corresponding price reaction yet.

Source (2.6)https://insights.santiment.net/read/bitcoin-s-elite-resume-their-buying-patterns-8518
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