#WhaleAccumulation Accumulation of Bitcoins by Large Holders Amid Retail Panic

AI Summary

According to Odaili, Santiment's analysis shows that wallets containing more than 10 Bitcoins have accumulated nearly 5000 Bitcoins since March 3, while retail investor sentiment remains fearful. Key highlights from the data include the start of accumulation by large holders on October 12 of last year during the early market rise, a pause during the holiday dip on December 26, and a resumption of accumulation on January 12, one week before the inauguration of U.S. President Donald Trump, when Bitcoin reached an all-time high of $109,000. Sales began on February 19, but accumulation resumed on March 3 amidst a peak of retail pessimism. Santiment notes that while prices have yet to react to the purchasing activity of large holders, continued accumulation by these key stakeholders may lead to better market performance in the second half of March, following seven weeks of decline after Bitcoin's record level.