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

According to Santiment analysis, wallets holding more than 10 bitcoins have experienced several key turning points in the past 6 months. The slight selling from mid-February to early March intensified the recent decline in the crypto market. However, since March 3rd, these large wallets have re-accumulated nearly 5000 bitcoins, while retail investors are in a state of panic.

Data charts show several key time points: large holders began accumulating in the early stages of the bull market on October 12th last year; paused accumulation during the holiday downturn on December 26th; resumed accumulation a week before Trump's inauguration on January 12th (when Bitcoin hit a historical high of $109,000); started selling on February 19th; and resumed accumulation on March 3rd when retail sentiment was most pessimistic.

Santiment stated that, although the price has not yet responded to the buying behavior of large holders, if these key stakeholders continue to accumulate, the market performance in the second half of March may be better than the "bloodbath" market seen in the 7 weeks after Bitcoin hit its historical high.