Sanitation Whale and Shark Address has increased its holdings of more than 61,000 bitcoins in the past month

According to Cointelegraph, Sanitation data showed that in the past month, whale and shark addresses holding 100,000 to 10,000 bitcoins increased their holdings by 61,568 bitcoins, with a 0.45% increase in positions. During the same period, addresses holding less than 0.01 bitcoins increased their holdings by 213 bitcoins, an increase of 0.42%. Data showed that outflows from Bitcoin exchanges continued throughout March, indicating that holders were accumulating rather than selling. Sand analysts said whale accumulation could be a "positive signal" for a breakthrough in the price range. Historically, when large wallets accumulate and retail investors sell, it often indicates the beginning of a bull market cycle. The conflict in the Middle East has continued to escalate since the United States and Israel launched strikes on Iran in February.