Bitcoin

USDC

Reversal

Coin

<ul class="news-points"> 
 <li>On-chain data suggests whales may soon begin accumulating BTC, USDT, and USDC.</li> 
 <li>This signals a bullish trend despite the current market downtrend.</li> 
 <li>Shark and whale holdings of Bitcoin have reached a six-year low.</li> 
</ul> 
Amid the current bearish trend sweeping through the crypto market, leading market intelligence platform Santiment has identified a potential key bullish signal. Santiment sees the optimistic signal in the potential activities of influential investors of <a href="https://coinedition.com/bitcoin-at-crossroads-weak-rebounds-and-potential-breakdowns-in-focus/">Bitcoin (BTC),</a> Tether (USDT), and USD Coin (USDC). In a recent tweet, Santiment highlighted that whale accumulation of Bitcoin, USDT, and USDC could be a crucial indicator for a possible recovery.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="975" height="631" src="https://coinedition.com/wp-content/uploads/2024/01/image-119.png" alt="Source: Santiment " class="wp-image-365042" srcset="https://coinedition.com/wp-content/uploads/2024/01/image-119.png 975w, https://coinedition.com/wp-content/uploads/2024/01/image-119-300x194.png 300w, https://coinedition.com/wp-content/uploads/2024/01/image-119-380x246.png 380w, https://coinedition.com/wp-content/uploads/2024/01/image-119-768x497.png 768w, https://coinedition.com/wp-content/uploads/2024/01/image-119-138x89.png 138w, https://coinedition.com/wp-content/uploads/2024/01/image-119-688x445.png 688w, https://coinedition.com/wp-content/uploads/2024/01/image-119-382x247.png 382w, https://coinedition.com/wp-content/uploads/2024/01/image-119-371x240.png 371w, https://coinedition.com/wp-content/uploads/2024/01/image-119-255x165.png 255w, https://coinedition.com/wp-content/uploads/2024/01/image-119-326x211.png 326w, https://coinedition.com/wp-content/uploads/2024/01/image-119-108x70.png 108w, https://coinedition.com/wp-content/uploads/2024/01/image-119-116x75.png 116w" sizes="(max-width: 975px) 100vw, 975px">
 <figcaption class="wp-element-caption">
 Source: <a href="https://x.com/santimentfeed/status/1748524599393046883?s=20" target="_blank" rel="nofollow">Santiment</a>
 </figcaption>
 </figure>
</div> 
The market sentiment analysis suggested that strategic accumulation by large holders may pave the way for a bullish reversal to reclaim last week’s 2-year high. It examined the current distribution tiers for Bitcoin and the top stablecoins, revealing a slight downturn in the shark and whale holdings. 
Specifically, Santiment’s analysis highlighted that wallets with 10-10K Bitcoin (BTC) presently constitute 66.27% of the total supp…
The post <a href="https://coinedition.com/whale-accumulation-signals-bullish-reversal-amid-ongoing-bearish-trend/">Whale Accumulation Signals Bullish Reversal Amid Ongoing Bearish Trend</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Whale Accumulation Signals Bullish Reversal Amid Ongoing Bearish Trend

Coin Edition

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