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#CryptoMarketRebound Cryptocurrency analysis company Santiment, in its latest assessment of the Bitcoin market, states that the behavior of addresses identified as (whales and sharks) plays a critical role in determining the market direction.
According to the company, crypto markets often follow the path tracked by large wallets, while moving in the opposite direction of small individual investors' actions.
Data from Santiment shows that since December 17, whale and shark addresses holding between 10 and 10,000 BTC have accumulated a total of 56,227 BTC. It is noted that this process indicates a local bottom for Bitcoin, and although the market remains sideways for a while, this strong accumulation makes at least a limited upward breakout inevitable over time.
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