Cryptocurrency on-chain analytics firm Santiment analyzed that Bitcoin whale addresses are increasing their accumulation. Santiment explained, "Based on on-chain data, the accumulation trend of major BTC wallets over the past two weeks shows that whale addresses holding 10 to 10,000 BTC have additionally accumulated a total of 49,67 BTC. In contrast, addresses holding less than 0.01 BTC additionally purchased approximately 46 BTC during the same period. This suggests that the buying interest of individual investors has slowed down, or some have started to realize profits. This structure, where the continuous accumulation by whale addresses coincides with profit-taking by individual investors, is interpreted as a typical signal of a bull market."
