In a recent report from crypto intelligence portal Santiment, it has been revealed that prominent Bitcoin investors, commonly referred to as whales, have accumulated impressive amounts of Bitcoin despite the recent 10% price drop. These whales, who held between 100 and 10,000 BTC, collectively collected an additional 57,578 BTC. This accumulation has created an important bullish divergence that hints at the potential for a strong rebound in the near term.

As Bitcoin experienced a significant 10% price drop since April 9, it is remarkable to note that these influential holders have been adding around 1,000 BTC to their already large wallets every day. This unexpected trend has emerged amidst the ongoing frenzy surrounding altcoins, drawing attention to the contrasting actions of Bitcoin whale accumulation and the falling price of the cryptocurrency itself.

Behind the stage

Currently, Bitcoin is trading at $25,765, marking its biggest weekly drop in the last 30 days, with a decline of 4.98%. Given the current situation, making accurate predictions regarding Bitcoin's future price movements has become increasingly challenging. However, the observations provided by Santiment shed light on the dynamics behind the scenes and offer valuable insights into the current scenario.BTC to USD by CoinMarketCap.

With a notable spike in whale holdings of around 1,000 BTC daily, despite declining prices, there are strong indications that a bullish scenario may be on the way. This interesting finding provides optimism to the market and suggests that the potential for a strong recovery may be on the cards for BTC.