Bitcoin whales accumulate, signaling bullish sentiment amid a slight decrease in holders.
Mining difficulty hits an all-time high as the network hash rate increases.
Bitcoin whales have been increasing their holdings in recent weeks, as evidenced by data from Santiment showing a notable accumulation trend among wallets holding 1,000 to 10,000 BTC. These wallets have seen a rise in holdings from 24% to over 25%, with an upward trend beginning around January 22 and persisting to the present. Over the past ten days alone, these wallets have accumulated approximately 100,000 BTC, equivalent to around $5 billion, marking the most significant trend observed in recent months.
This accumulation suggests a bullish sentiment among these whales, as they anticipate Bitcoin’s price to surpass its current levels. Despite this accumulation, the total number of Bitcoin holders has seen a slight decrease in recent weeks. While there may be a lack of significant movement in new holders, existing holde
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