As the critical calendar approaching the first days of March coincides, all eyes are on a single key indicator before a possible rally in Bitcoin #DeepCreationCamp BTC( and altcoins.
According to the latest post by Santiment, after the fluctuations caused by Jane Street’s market influence earlier this week, investors are now focusing on the process in Washington. The internal deadline set by the White House for March 1 is linked to discussions on the Clarity Act, which is of great importance to the crypto market. The proposed legislation aims to establish a clearer regulatory framework for digital assets.
The market consensus is that if this process brings clarity in favor of crypto, a strong price movement could be seen in Bitcoin and altcoins. However, on-chain data points to another signal that should be watched before a potential rally.
Critical Signal Before the Rally According to data shared by Santiment, over the past month, Bitcoin, Ethereum )ETH(, Tether )USDT(, and XRP Ledger networks have experienced notable fluctuations in transfer counts of $100,000 and above. The platform notes that sudden and sharp jumps compared to overall whale activity in the surrounding environment historically coincide with market reversals.
Therefore, in early March, not only political developments but also the movements of large wallets will be decisive. If a sharp increase in transfers over $100,000 is observed, this could be interpreted as a leading signal for Bitcoin and altcoin rallies. Conversely, silence from whales may lead to weaker expectations.
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As the critical calendar approaching the first days of March coincides, all eyes are on a single key indicator before a possible rally in Bitcoin #DeepCreationCamp BTC( and altcoins.
According to the latest post by Santiment, after the fluctuations caused by Jane Street’s market influence earlier this week, investors are now focusing on the process in Washington. The internal deadline set by the White House for March 1 is linked to discussions on the Clarity Act, which is of great importance to the crypto market. The proposed legislation aims to establish a clearer regulatory framework for digital assets.
The market consensus is that if this process brings clarity in favor of crypto, a strong price movement could be seen in Bitcoin and altcoins. However, on-chain data points to another signal that should be watched before a potential rally.
Critical Signal Before the Rally
According to data shared by Santiment, over the past month, Bitcoin, Ethereum )ETH(, Tether )USDT(, and XRP Ledger networks have experienced notable fluctuations in transfer counts of $100,000 and above. The platform notes that sudden and sharp jumps compared to overall whale activity in the surrounding environment historically coincide with market reversals.
Therefore, in early March, not only political developments but also the movements of large wallets will be decisive. If a sharp increase in transfers over $100,000 is observed, this could be interpreted as a leading signal for Bitcoin and altcoin rallies. Conversely, silence from whales may lead to weaker expectations.
INVESTMENT WARNING NOT
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