**Bitcoin Whale Wallets Rise, Signaling Market Ready for a Surge? 🐋**
- According to analytics platform Santiment, Bitcoin whale wallets—those holding 100 BTC or more—have increased by 297 in the past two weeks. That’s a 1.9% increase!
- In contrast, wallets holding less than 100 BTC have decreased by 20,629, or about 0.1%.
- These whales appear to be taking advantage of selling pressure from retail traders to accumulate more BTC. Typically, this would be a bullish signal for Bitcoin.
- Analysis from CryptoQuant also shows that BTC holdings by whales have reached a record high of around 670,000 BTC. This indicates strong confidence in the long-term prospects of the market.
- In addition, the Bitcoin network hash rate has also reached an all-time high, indicating intense competition among miners and an increase in BTC’s intrinsic value.
- Is this a sign of the “calm before the storm”? Let’s discuss in the comments! 🚀