According to crypto analysis platform Santiment, Bitcoin surged 45% in February, breaking through $45,000, $50,000, $55,000 and $60,000, reaching as high as $64,000. However, the market may follow a different course in March. 📈🚀

According to Santiment's monthly report, several on-chain indicators indicate that the market is slightly in the danger zone and the risk of a correction in the short term is increasing.

Wallets active in the last 30 days recorded profits of more than 20%, and wallets active in the last 365 days recorded returns of more than 64% (59% at the time of writing). This was not even recorded in November 2021, when BTC reached its all-time high.

Bitcoin whales indicate that they have started to split their assets. Santiment notes that whales move some of their assets to exchanges to sell or hold. Based on historical data, higher average investor returns and weak whale accumulation could lead to a short-term correction.

It is indisputable that the crypto market will enter a crazy period in March.