Santiment: Whale and shark addresses have collectively added over 61,000 Bitcoins in the past month.

CoinFeed reported on March 27th, citing Cointelegraph, that Santiment data shows whale and shark addresses holding 10 to 10,000 Bitcoins increased their holdings by 61,568 Bitcoins in the past month, a 0.45% increase. During the same period, addresses holding less than 0.01 Bitcoins increased their holdings by 213 Bitcoins, a 0.42% increase. Data shows that Bitcoin exchange outflows continued throughout March, indicating that holders are accumulating rather than selling. Santiment analysts stated that whale accumulation could be a "positive signal" of a price range breakout. Historically, large wallets accumulating while retail investors sell often foreshadows the start of a bull market cycle. The Middle East conflict has continued to escalate since the US-Israel strikes against Iran in February.