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Santiment: Bitcoin Whales Continued to Accumulate in February, While the Number of Small Wallets Saw a Significant Decrease

2025.02.06 10:04:20

On February 6th, the Crypto market research firm Santiment disclosed in a post that during the present market volatility, Bitcoin whales are continuously accumulating. The data indicates that in February, the number of wallets holding 100 or more BTC rose by 135, while the number of wallets holding less than 100 BTC decreased by 138,680. Specifically, small retail investors who entered the market for the first time in the past 6 months chose to liquidate their positions due to market fluctuations. Santiment stated that this trend of coin concentration towards whales is an ideal environment for the increase in the cryptocurrency market cap, but it may take several weeks or months to observe its impact.
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