Large BTC holders are accumulating, while small ones are leaving. A bullish signal noted by #Santiment.

Analysts at #Santiment observe a divergence in the behavior of different groups of investors against the backdrop of #BTC price fluctuating around $104,000.

Over the past 10 days:

- The number of wallets with 10+ BTC increased by +231 addresses (+0.15%).

- The number of wallets with 0.001-10 BTC decreased by -37,465 addresses (-0.16%).

Such dynamics are interpreted as positive for the market: "whales" and "sharks" are accumulating, while retail is reducing positions - this is a typical scenario before medium- or long-term growth:

"When large wallets are growing, while retail is losing confidence - this combination has historically led to a return of bullish momentum."

In total - a change in ownership structure in favor of wealthier participants may indicate the market's readiness for a new impulse.

This analysis from Santiment aligns with our expectations. Despite a locally bearish picture, we expect the BTC price to return to growth. And a new ATH in it.