Bitcoin whales are starting to accumulate again at $71K: Santiment

Santiment reports that Bitcoin whales are beginning to accumulate again at the $71,000 price level, which the analytics platform views as a positive market reversal. The platform is monitoring for retail selling activity to help confirm whether this represents a potential market bottom.

• →Bitcoin whales have resumed accumulation activity at the $71,000 price level according to Santiment data.
• →The analytics platform characterizes this whale accumulation as a 'positive reversal' for the market.
• →Santiment is watching for retail selling patterns to confirm a potential market bottom.
• →Large holder accumulation at current levels suggests institutional confidence in Bitcoin's price support.