Bitcoin Whales Start Accumulating Again at $71K: Santiment

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Santiment says the recent uptick in Bitcoin whale accumulation is a "positive reversal," and the platform is watching for retail selling to confirm a potential market bottom.

Large Bitcoin wallets are increasing their holdings again as the asset’s price holds around $71,000, according to crypto sentiment platform Santiment.

“Their recent shift to accumulation is a bullish signal,” Santiment said in a report on Saturday, referring to wallets holding between 10 and 10,000 Bitcoin.

“This is a positive reversal,” Santiment added. Santiment data shows wallets holding 10 to 10,000 Bitcoin now control 68.17% of Bitcoin’s total supply, up from 68.07% seven days earlier.


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