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Retail leads accumulation of Bitcoin, whales buy cautiously: Santiment
According to data from Santiment, since July, retail Bitcoin wallets have increased their holdings by 3.31%, while whale wallets have only seen a 0.36% increase. This development indicates that the accumulation role is leaning towards retail, contrary to the typical pattern observed during bullish market phases, when whales are usually the main buying force.
This trend reflects the cautious sentiment of large investors and also shows that the long-term confidence of retail investors remains intact despite market volatility.