The Santiment team pointed out that, historically, big FUD shown by traders and other market players led to substantial price surges of crypto.
According to a Santiment tweet published earlier today, this rebound of BTC can be attributed to recent accumulation by medium and large investors, known as sharks and whales on the market.
Per Santiment, they have purchased cumulatively a whopping $308.6 million worth of Bitcoin over the past week. Now, there are 156,600 wallets out there that contain from 10 to 10,000 Bitcoins each.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
