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Data: Whales have accumulated over 80,000 BTC in the past 6 weeks.
Foresight News reported that Santiment tweeted that wallets (holding 10 to 10,000 Bitcoins) which are highly correlated with the overall health of the crypto market have accumulated 81,338 Bitcoins during the past six weeks of fluctuation, accounting for +0.61% of their total holdings. Meanwhile, small wallets (holding less than 0.1 Bitcoins) that are often inversely and lagging related to price movement have sold 290 Bitcoins in the past six weeks, reducing their holdings by 0.60%. When large wallets gradually accumulate as retail investors sell due to panic or boredom, it is usually a strong long-term signal that the price is poised for a breakout next.