Santiment: Since mid-December, large whales have increased their holdings by 56,227 BTC, but retail investors have started to take profits, anticipating that the current situation is a bull market trap

The cryptocurrency market research firm Santiment stated on social media that since December 17, whales and large holders holding 10-10,000 BTC have accumulated an additional 56,227 BTC. This movement marks a local bottom in the cryptocurrency market.

Although the overall market trend is relatively flat, the bullish divergence created by the accumulation behavior of large holders is bound to drive the market to at least a slight breakout. In the past 24 hours, the market situation has further improved, as retail traders (wallets holding 0.01 BTC) are starting to take profits, expecting the current situation to be a bull trap/fake rebound. Santiment indicated that, according to the indicators, the current market has entered a bullish range, and the probability of the total cryptocurrency market capitalization continuing to grow is higher than usual. However, caution is still needed, as whales may change their minds at any time and quickly take profits.