TechFlow reports that on February 6, cryptocurrency market research firm Santiment revealed that during the current market volatility, Bitcoin whales continue to accumulate.
Data shows that in February, the number of wallets holding 100+ BTC increased by 135, while the number of wallets holding less than 100 BTC decreased by 138,680. Particularly, small retail investors who entered the market for the first time in the past six months have chosen to liquidate their holdings due to market fluctuations.
Santiment stated that this trend of concentration of coins among large holders creates an ideal environment for cryptocurrency market capitalization growth, although it may take weeks or months for its impact to manifest.
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