Expanding BTC whale accumulation is a bullish signal, says Santiment

Accumulation by Bitcoin whale addresses is expanding, according to crypto on-chain analytics firm Santiment. The firm noted that over the past two weeks, whale addresses holding between 10 and 10,000 BTC have added a total of 4,967 BTC. In contrast, addresses holding under 0.01 BTC purchased approximately 46 BTC during the same period. Santiment explained that this suggests buying from retail investors has either slowed or some have begun to take profits. This dynamic, where whales consistently accumulate while retail investors realize gains, is considered a classic sign of a bull market, the firm added.