Santiment reported that wallets holding between 1 and 100 BTC accumulated more than 14,000 bitcoins over the past two weeks. According to Foresight News, wallets holding between 1 and 10 BTC added around 10,076 bitcoins, while wallets holding between 10 and 100 BTC added around 4,131 bitcoins, as the price of bitcoin declined toward $75,000. Santiment said that owners of these wallets are generally more patient than retail investors, often accumulating bitcoin during periods of market fear and reducing their holdings after prices rise. It added that prices stabilizing at $75,000 while holdings continue to increase would strengthen the signal that a local bottom is forming; a drop below recent lows accompanied by selling from owners of these wallets would weaken it.
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