Bitcoin whales expand holdings amid market volatility, potential for crypto cap growth: Santiment

On-chain analytics platform Santiment reported on X that during recent market dips and high volatility, Bitcoin (BTC) whales have been increasing their holdings. Meanwhile, smaller retail traders, particularly those new within the past six months, are selling off their assets due to the unstable market. In February, the number of wallets with more than 100 BTC increased by 135, whereas wallets with fewer than 100 BTC saw a decline of 138,680. This shift suggests that crypto market caps may rise, but the substantial bullish effects from whale acquisitions could take time to fully develop.