The cryptocurrency market is witnessing a resurgence in confidence as Bitcoin’s influential whale tier, holding between 1,000 to 10,000 BTC, continues to show unwavering support. Recent data reveals that these major players have amassed an additional 266,000 BTC since January 2024, increasing their control by 1.24% of the total circulating supply. Currently, these whales hold a staggering 25.16% of all Bitcoin, indicating a concentrated vote of confidence in the digital asset’s potential.

This uptick in accumulation has coincided with a growing sense of FOMO among retail investors, who are keenly watching the whale’s moves. As sentiment reaches levels not seen since the peak periods in early March, the market is abuzz with anticipation. Observers note that the whales’ actions are not just a signal of market stability, but also a catalyst for potential upward price trajectories. With Bitcoin’s key players steering the ship, the market sentiment is leaning positively, suggesting bright prospects for the leading cryptocurrency.

Santiment