March was a period of significant changes for Bitcoin, but network growth remains steady, driven by an increase in the number of small wallets. At the same time, large BTC holders have shown signs of strategic adjustments.

Bitcoin surpassed the $90,000 mark amid heightened volatility in March. The network demonstrated steady growth, with the number of wallets increasing by 50,000 compared to the previous month. According to Santiment's analysis, the number of wallets holding less than 0.1 BTC grew by 37,390, while wallets holding between 0.1 and 100 BTC increased by 12,754.

On the other hand, the number of wallets holding 100 BTC or more decreased by six. This may indicate that some large holders have started taking profits by selling portions of their assets. Current data suggests a bullish trend, with small investors continuing to accumulate Bitcoin despite market fluctuations.

Santiment also noted that for a broader crypto market breakthrough, an increase in the number of 100+ BTC wallets would be an encouraging sign. Although large holders have slightly reduced their reserves, the growth in small wallets highlights growing confidence in Bitcoin's long-term potential.

💸💲🧠 Get up to 5020 USDT as a welcome bonus and an additional 1025 USDT by using this referral on  Bybit