Against the backdrop of increasing global uncertainty, Bitcoin whales have accumulated an additional 61,568 BTC in the past month.

BlockBeats News, March 27th. According to Cointelegraph, on-chain analysis platform Santiment data shows that amidst escalating tensions in the Middle East and macro uncertainty, over the past month, Bitcoin "whales" and "sharks" (addresses holding 10 to 10,000 BTC) have cumulatively increased their holdings by 61,568 BTC, a 0.45% increase. At the same time, wallets holding less than 0.01 BTC have also increased by 213 BTC, a 0.42% increase. The data aligns with the ongoing trend of Bitcoin exchanges seeing net outflows in March, indicating that holders are more inclined to accumulate rather than sell.

Santiment analysts pointed out that whale accumulation could be a "bullish signal" for a potential breakout: "Ideally, breakouts often occur when large wallets accumulate and retail traders sell, which historically has been a high-reliability signal for the start of bull markets." Zeus Research analyst Dominick John told Cointelegraph that whales currently accumulating Bitcoin are likely positioning themselves early for the next breakout, "quietly accumulating during consolidation." He also cautioned that whales tend to buy in stages, and if retail FOMO sentiment becomes overheated, there may be a brief pause or minor pullback before the next accumulation phase.

It is worth noting that not all whales are accumulating. On March 19th, two whale addresses moved tens of millions of dollars worth of Bitcoin to exchanges as Bitcoin dropped amid escalating Iran tensions. In terms of sentiment, the Cryptocurrency Fear and Greed Index reported a 13 on Friday, indicating "extreme fear," dropping even lower to 10 on Thursday, maintaining an "extreme fear" rating over the past week and throughout the entire month of February.