Analysis: Bitcoin whales are still hoarding, with 135 more wallets holding more than 100 BTC in February

Odaily News Santiment published an article on X saying that Bitcoin whales are hoarding more tokens during the mid-term decline and major volatility of cryptocurrencies. For small retail traders, especially those who entered the market for the first time in the past 6 months, volatility led to their liquidation.
Overall, the number of wallets holding more than 100 BTC increased by 135 in February, while the number of wallets holding less than 100 BTC decreased by 138,680. This is an ideal setup for the cryptocurrency market cap to rise, even if it takes weeks (or even months) to see a generally bullish impact from whales absorbing tokens.