PANews, March 15: Santiment reported that key investors holding Bitcoin wallets with 10 to 10,000 BTC are increasing their holdings, now controlling 68.17% of the total supply, up from 68.07% seven days ago. Santiment views the recent increase in Bitcoin whale accumulation as a "positive reversal" and is closely monitoring retail selling to confirm a potential market bottom. Additionally, Bitcoin has shown rare strength relative to the S&P 500, breaking the typical correlation observed during current geopolitical tensions. The S&P 500 has declined approximately 2.2% over the past five weeks, while Bitcoin has risen 2.4% and gold has increased 3.7%.
Santiment: Bitcoin whales with holdings of 10–10,000 BTC increase their holdings
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Summary
Bitcoin news from Santiment shows that whales holding 10 to 10,000 BTC are increasing their Bitcoin holdings. These wallets now control 68.17% of the total supply, up from 68.07% a week ago. Santiment labels this move a "positive reversal" and is monitoring retail selling for signs of a market bottom. Bitcoin analysis shows it has outperformed the S&P 500, rising 2.4% over five weeks while the index declined 2.2%. Gold gained 3.7% during the same period.
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