Santiment: Large Bitcoin holders have re-accumulated nearly 5,000 Bitcoins in the past week, and the market performance may improve in the second half of the month

Odaily Planet Daily News According to Santiment analysis, wallets holding more than 10 bitcoins have re-accumulated nearly 5,000 bitcoins since March 3, while retail investors are panicking. The data chart shows several key time points: large holders began to hoard at the beginning of the bull market on October 12 last year; hoarding was suspended during the holiday decline on December 26; hoarding resumed on January 12, a week before Trump's inauguration (when Bitcoin hit a record high of $109,000); selling began on February 19; hoarding began again on March 3 when retail sentiment was the most pessimistic. Santiment said that although prices have not yet responded to large-scale buying behavior, if these key stakeholders continue to hoard, the market performance in the second half of March may be better than the "bloodbath" market in the seven weeks after Bitcoin hit a record high.