Cryptocurrency on-chain analysis firm Santiment reported that Bitcoin whale addresses are expanding their accumulation. Santiment explained, "Based on on-chain data, an analysis of the accumulation trends of major BTC wallets over the past two weeks revealed that whale addresses holding between 10 and 10,000 BTC have accumulated an additional 49,67 BTC in total. In contrast, addresses holding less than 0.01 BTC purchased approximately 46 BTC during the same period. This suggests that retail investor buying interest has slowed down, or some have engaged in profit-taking. This structure, where continuous accumulation by whale addresses coincides with profit-taking by retail investors, is interpreted as a typical bullish market signal."
