Santiment: "Smart money" accumulates $3.2 billion worth of bitcoin in 9 days

Jinse Finance reported that analysts from Santiment pointed out that over the past 9 days, Bitcoin whales and shark addresses have continued to accumulate 36,322 bitcoins, while retail investors have been selling. The crypto market may now have the "optimal conditions" for a breakout. Santiment posted on the X platform on Tuesday, stating that "Bitcoin whale and shark addresses are still accumulating," at a time when Bitcoin had dropped 4.55% within 24 hours, with a quoted price of $89,110 at the time of posting. From January 10 to January 19, wallet addresses holding between 10 and 10,000 bitcoins (these entities are also referred to as "smart money") collectively accumulated $3.21 billion worth of bitcoin. Santiment also mentioned that during the same period, retail wallets holding less than 0.01 bitcoin sold a total of 132 bitcoins, corresponding to a value of approximately $11.66 million.