According to a report by Santiment, there has been a significant increase in the number of whale and shark wallets holding at least 10 BTC since February 2022. This accumulation of new large wallets resulted in an 8.12% increase in the total number of addresses meeting this threshold. Additionally, topics such as inflation and bear market have seen a rise in discussion rate, indicating a bearish sentiment towards the crypto markets. Interestingly, the report suggests that the higher the probability of price climbs when traders lean towards prices going down. The article also mentions that while cryptocurrencies have remained flat, gold and silver have seen significant gains during the renewed global focus on the Israel/Palestine conflict. The report concludes by stating that it covers the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.
AI Sentiment: Positive