Santiment: Recently, the number of Bitcoin whale addresses has increased while retail addresses have decreased, typically indicating a rise in the crypto market

ChainCatcher message, the cryptocurrency market analysis agency Santiment released a chart analysis showing that the trading behaviors of Bitcoin whale wallets and ordinary wallets are completely opposite recently:

Wallets holding more than 10 Bitcoins increased by 231 in 10 days;

Wallets holding between 0.001 and 10 Bitcoins decreased by 37,465 in 10 days;

Santiment stated that when large wallets accumulate Bitcoin while retail investors lose confidence, it has historically been a correct signal that the cryptocurrency market is about to welcome bullish momentum.