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According to data shared by the analytical platform Santiment, major Bitcoin 
$110,867 investors, referred to as “whales” and “sharks,” capitalized on the selling pressure experienced by small investors last week. These investors purchased a total of 4,486 BTC, thereby expanding their portfolios while Bitcoin’s price stabilized around $81,678. Despite increasing negative sentiment on social media, this move by large wallets is reshaping signals concerning the market’s future.
Large Investors’ Buying Strategy
Santiment’s data over the past six months reveals the dynamics of large-scale Bitcoin transactions. Notably, after a period of moderate selling from mid-February to early March, wallets holding 10 BTC or more began to re-enter the market. The price fluctuations caused by anxious selling from small investors provided an opportunity for these major players to acquire positions at lower levels.
The platform emphasizes that large investors historically buy at market troughs. Increased trading volume below the $70,000 level indicates that this group utilizes downturns for long-term strategies. The recent acquisition of 4,486 BTC is interpreted as a continuation of this approach.
The Impact of Social Media on the Market
Santiment highlights the potential for social media perceptions to trigger price movements in the cryptocurrency market. Recently, widespread expectations that Bitcoin would drop below $70,000 heightened selling tendencies among small investors. However, the data indicates that negative scenarios can serve as buying signals for large investors.
According to analyses, periods of increased fear and uncertainty on social media can lead to opposite movements in the cryptocurrency market. For instance, the recent wave of FUD (fear, uncertainty, doubt) was balanced by aggressive buying from whales. This situation illustrates that while short-term price fluctuations may be influenced by market participants’ emotions, long-term trends are determined by institutional actors.
