#BTC#  

In periods of economic uncertainty, investors turn to Treasury bonds as a refuge, as they are considered the safest asset in the world. This increases their demand and decreases yields.
This way, the appetite for assets considered risky, such as stocks, BTC, and cryptocurrencies, disappears.
However, whales and sharks did not interpret the context in the same way and took advantage of the drops to accumulate bitcoin.

Whales, with more than 1,000 BTC in their possession, are the most dominant players in the market. Sharks, on the other hand, control between 100 and 999 BTC, making them significant players, although with less influence than whales.
According to Santiment data, whales and sharks began selling their BTC holdings on February 19, when bullish sentiment among retail investors was awakened after a bitcoin price rebound.
However, as of March 3, when small traders panicked over the aforementioned events, whales and sharks took advantage to accumulate 4.846 BTC in the following 6 days.