Cryptocurrency analytics firm Santiment has examined the behavior of crypto whale and smaller-scale shark investors in the wake of Bitcoin’s significant decline.
According to Santiment, Whales Started Buying Bitcoin as of March 3
According to analysts, whale and shark wallets in Bitcoin have experienced a wide range of milestones in the last 6 months. To put it simply, large cryptocurrency wallets experienced a slight sell-off from mid-February to early March.
However, since March 3, large investors with more than 10 BTC in their wallets have accumulated more than 5,000 BTC of Bitcoin.
According to Santiment analysts, although prices have not yet responded to this level of purchase, it is possible to see a better picture in the second half of March based on the collapse observed in the markets since the Bitcoin price reached an all-time high price level 7 weeks ago.
However, analysts have warned that this scenario could happen if large whales continue to buy.
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