BTC, Whales are buying...Ants continue to sell

While Bitcoin (BTC) is hovering below 100,000 dollars, major players in the market are showing contrasting movements. According to an analysis cited by Cointelegraph from Santiment data, whale investors holding 10-10,000 BTC have purchased an additional 81,338 BTC over the six weeks from March 26. During the same period, small-scale investors holding less than 0.1 BTC have sold 290 BTC.

This movement reflects differences in investment sentiment. Small-scale investors (ants) are sensitively reacting to market volatility and selling, while whale investors are consistently absorbing quantities with a long-term price increase in mind. Santiment explained that "whales accepting quantities that ant investors throw out due to fear or market stagnation could be a positive signal for future price rebounds."

Market analysts predict that if whale accumulation continues, the pressure on long-term price increases could grow due to a supply shortage. Particularly, there have been cases in the past where Bitcoin prices rebounded significantly after periods of whale accumulation, raising attention on whether this movement will be the beginning of another bull market.