Strong Bitcoin rally expected as accumulation resumes: Santiment analyst

Santiment analyst Brianq reported in Insights that wallets holding 10 or more Bitcoin (BTC) are resuming accumulation, a positive sign after stagnation during late December 2024 and early January 2025. The analyst also noted that the number of non-empty wallets has decreased over the past six weeks as small retail traders take profits and try to time the market peak. These wallets, mostly held by small traders, often misjudge market timing. Historically, Bitcoin's biggest rallies have begun during a decline in the number of these wallets, especially as whales accumulate coins sold off by fearful retail traders.