Bitcoin Whale Activity Soars: A Sign of Growing Confidence in Crypto Market

Data from Santiment reveals an upward trend in Bitcoin whale activity, with the number of wallets holding between 1,000 to 10,000 BTC surging to a five-week high. As of late March, this wallet segment boasts 1,993 whales, marking the highest point since December 2024. Over the past five weeks alone, we’ve observed a 2.6% increase in these prominent wallets. This suggests that major players within the cryptocurrency market are displaying a renewed sense of confidence in this sector.