$BTC Quinlivan noted that large and small holders of digital gold "are moving in different directions".

According to Santiment, in the last 10 days, 231 new wallets with a balance of over 10 BTC have appeared. At the same time, more than 37,000 addresses with smaller amounts have sold off their holdings of the first cryptocurrency.

"When large players accumulate while retail investors lose confidence, it historically signals a return of bullish momentum to the market," emphasized Quinlivan.

At the time of writing, Bitcoin is trading around $106,000. Over the past 24 hours, the asset has grown by 1%, according to CoinGecko.

Let us remind you that a week ago, Santiment noted an improvement in market sentiment and the steadfastness of large holders of digital gold.