Bullish Bitcoin outlook as large investors accumulate during retail sell-off: Santiment

Whales and sharks have acquired 56,227 BTC collectively, contrasting with retail traders who are taking profits. This divergence usually signals bullish market conditions, as the activity of larger stakeholders tends to lead price movements.

Trading between 87,000 USD and 94,000 USD, Bitcoin is nearing a seven-week high. Analysts suggest key resistances exist at 95,000 USD to 100,000 USD, indicating potential for market growth and a bullish consolidation phase.

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