Bitcoin Whales Accumulate $5.3B Amid Retail Sell-Off: Bullish Outlook
According to Santiment, Bitcoin's outlook appears bullish as whales and sharks have been accumulating Bitcoin while retail traders are selling off. Since mid-December, whales have reportedly accumulated over $5.3 billion in Bitcoin. This accumulation by larger holders, contrasted with retail traders taking profits, suggests potentially bullish market conditions for Bitcoin. The development indicates a shift in Bitcoin ownership towards larger entities, which could influence market stability and price trends.
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