Bitcoin is Declining: What to Expect in the Second Half of March? Analytics Company Interprets Whale Behavior

Cryptocurrency analytics firm Santiment has studied the behavior of crypto whale and smaller-scale shark investors following the significant decline in Bitcoin.

Whales Started Buying Bitcoin on March 3, According to Santiment

According to analysts, Bitcoin whale and shark wallets have experienced a variety of turning points over the past 6 months. In short, major cryptocurrency wallets experienced a mild sell-off between mid-February and early March.

However, since March 3, large investors who hold more than 10 BTC in their wallets have accumulated almost more than 5,000 BTC of Bitcoin.

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According to Santiment analysts, although prices have not yet responded to this level of buying, a better picture is possible in the second half of March, according to the collapse observed in the markets since the Bitcoin price reached its all-time high price level 7 weeks ago.

However, analysts warned that this scenario could play out if big whales continue to buy.

*This is not investment advice.

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