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Bitcoin nears 20,000 whale wallets as large holders quietly accumulate during price weakness, hinting at a potential recovery phase.
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Santiment flags rising $100K+ crypto transfers, warning that sudden whale spikes often signal sharp market reversals ahead.
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March 1 Clarity Act talks and whale activity could combine to drive major Bitcoin volatility in early March trading.
Big Bitcoin investors are making noticeable moves as March gets closer, and traders are starting to expect serious price swings. Crypto analytics platform Santiment has spotted a rise in large transfers across major blockchain networks this week.
At the same time, the firm highlighted a March 1 White House deadline linked to talks around the Clarity Act, adding another layer of uncertainty to the market.
This legislation aims to clarify crypto regulation in the United States. Consequently, investors, exchanges, and blockchain companies now watch both Washington and on-chain data. Santiment warned that large $100K+ transfers often precede market reversals. Hence, early March could trigger aggressive price swings regardless of political outcomes.
Besides regulatory tension, whale wallet growth adds another bullish layer to the setup. Santiment noted that Bitcoin will soon surpass 20,000 wallets holding at least 100 BTC. A 100 BTC wallet now holds a minimum value of $6.78 million. These wallets typically belong to high net worth individuals, institutions, or long-term holders.
Whale Transfers Hint at Reversal Risk
Santiment tracked $100K+ transfers across Bitcoin, Ethereum, Tether on Ethereum, and XRP Ledger networks. The firm stated, “High spikes in whale transfers relative to the surrounding amount of whale activity will typically signal high probabilities of market reversals.” Moreover, the platform expects a surge in whale activity at the start of March. It added, “Expect a big jump in whale activity at the beginning of March, regardless of what unfolds.”
Large transfers often reflect repositioning by sophisticated players. However, they can also signal distribution before pullbacks. Consequently, traders should monitor sudden spikes rather than steady growth.
20,000 Whale Wallet Milestone Nears
Santiment also highlighted a structural shift in Bitcoin ownership. It wrote, “Bitcoin is about to hit a milestone, surpassing 20,000 wallets with at least 100 $BTC.” Historically, rising whale wallet counts appear during accumulation phases. Additionally, this growth often supports later price recoveries.
However, Santiment observed that total supply held by key stakeholders has not surged significantly. Therefore, prices remain suppressed despite wallet growth. The firm explained that retail traders often sell during fear or early profit-taking. Hence, larger wallets gradually absorb that supply.
This trend shows wealth concentration among strong hands. Yet it also indicates distribution across more separate whale entities.
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