Whales with 100+ Bitcoins (BTC) push price higher

According to statistics provided by a top-tier crypto data tracker Santiment, a number of whales (largest holders) with 100-1000 Bitcoins (BTC) in on-chain wallets surged over last weeks.

Since the collapse of the FTX/Alameda ecosystem in early November 2022 and the devastating Bitcoin (BTC) price plunge below $16,000, BTC whales were aggressively accumulating. Namely, Santiment data indexing mechanisms registered 416 new addresses with on-chain Bitcoin (BTC) balances below 100 and 1,000 coins.