In the context of increasing global uncertainty, Bitcoin whales increased their holdings by 61,568 BTC in the past month. On March 27, according to Cointelegraph, on-chain analysis platform Santiment's data shows that under the backdrop of escalating tensions in the Middle East and macroeconomic uncertainty, Bitcoin 'whales' and 'sharks' (addresses holding 10 to 10,000 BTC) collectively added 61,568 BTC in the past month, with total holdings increasing by 0.45%. Meanwhile, wallets holding less than 0.01 BTC also increased by 213, a rise of 0.42%. This data aligns with the trend of continued net outflows from Bitcoin exchanges in March, indicating that holders are inclined to accumulate rather than sell. Santiment analysts noted that the accumulation by large whales could be a 'positive signal' for a potential price breakout: 'Ideally, upward breakouts often occur during large wallet accumulation and retail sell-offs, which historically has been a highly reliable signal for the start of a bull market.' Zeus Research analyst Dominick John told Cointelegraph that the current accumulation by Bitcoin whales is likely a prelude to the next breakout, 'quietly building positions during the consolidation period.' He also cautioned that whales tend to buy in batches, and if retail FOMO sentiment heats up too much, there could be a brief pause or slight pullback before the next accumulation phase arrives. Notably, not all whales are accumulating. On March 19, two whale addresses transferred tens of millions of dollars in Bitcoin to exchanges as Bitcoin dropped amid escalating conflicts in Iran. On the sentiment front, the Crypto Fear and Greed Index reported a score of 13 on Friday, which falls within the 'extreme fear' range, dipping as low as 10 on Thursday, and maintaining an 'extreme fear' rating for the past week and throughout February.