A significant shift is occurring in the Bitcoin market as large-scale investors discreetly increase their holdings of the digital currency.
Dynamics of Whale Investor Activity
Since late March, whale investors have amassed over 200,000 BTC, highlighting their significant role in the market. According to Santiment, these holders, managing between 10 and 10,000 BTC, now control 68.44% of Bitcoin's circulating supply.
Influence on Market Sentiment
This behavior is characterized as long-term accumulation, which has shifted market sentiments. The Crypto Fear and Greed Index has increased, showing a transition from fear to greed.
Trend of Withdrawals
Even after a price correction to $116,000 on July 30, investor enthusiasm remains high. According to Coinglass data, a total of 20,258 BTC left centralized exchanges on that day, indicating a broader trend of asset withdrawals.
The increasing accumulation of Bitcoin by whale investors continues to reshape market dynamics, reflected in both retail and institutional investors adopting long-term storage strategies.
