Odaily Planet Daily News Santiment published an article on X saying that during the mid-term decline and major volatility of cryptocurrencies, Bitcoin whales are hoarding more tokens. For small retail traders, especially those who entered the market for the first time in the past 6 months, volatility led to their liquidation.
Overall, the number of wallets holding more than 100 BTC increased by 135 in February, while the number of wallets holding less than 100 BTC decreased by 138,680. This is an ideal setting for the rise in the market value of cryptocurrencies, even if it takes weeks (or even months) to see the general bullish impact of whales absorbing tokens.