Santiment： Bitcoin major holders continued to increase their holdings in February, while the number of small wallets decreased significantly

According to BlockBeats, on February 6th, Santiment, a cryptocurrency market research firm, released a statement revealing that Bitcoin giants are still increasing their holdings during the current market volatility. The data shows that the number of wallets holding 100+BTC increased by 135 in February, while the number of wallets holding less than 100 BTC decreased by 138680. Especially for small retail investors who entered the market for the first time in the past six months, they chose to clear their positions due to market fluctuations. Santiment stated that this trend of coin volume concentrating towards large players is an ideal environment for the rise of cryptocurrency market value, but it may take weeks or months to reflect its impact.