Market Signals: Large Investors Secretly Accumulate, BTC Shows "Bullish Divergence"
On-chain data platform Santiment just reported: In the past 3 months, the number of "whale" wallets holding more than 100 bitcoins increased by 753, a rise of 3.9%.
Interestingly, during these 3 months, the price of bitcoin actually fell by 20.2%.
On one hand, there is a significant price drop, while on the other hand, the number of large wallets has surged, which is a typical bullish divergence signal.
This indicates that although the short-term market is highly volatile and looks frightening, large funds are actually quietly entering the market and accumulating at low positions, showing optimism for the future market.