"Crypto Whales Accumulate BTC, SAND Amidst Trump's War Trade Impact"

The crypto market experienced a period of sideways trading throughout February, but this week, activity has plummeted due to the impact of Donald Trump's war trades. The downturn resulted in over $800 million in liquidations in the past 24 hours as traders grappled with the volatility. Despite the pullback, crypto whales have continued to accumulate certain coins, positioning themselves for potential gains in March. This analysis examines some of these assets.

Bitcoin (BTC) broke below a key support line this week, which had kept its price within a range since the beginning of February, and fell to multi-month lows. The market's leading coin now trades at $79,610, a price low last recorded in November. BTC whales have taken advantage of its discounted prices to strengthen their holdings, as reflected by the surge in the coin's large holders' netflow. According to IntoTheBlock, the metric has rocketed by 23% in the past seven days. Large holders are whale addresses that hold more than 0.1% of an asset's circulating supply. Their netflow tracks the difference between the inflows and outflows of an asset held by these major investors. When it rises like this, it indicates that large holders are accumulating more of the asset, suggesting increased confidence and potential upward price pressure. This trend may also prompt BTC retail traders to increase their buying pressure. If this continues, it will reduce the coin's supply in circulation and drive up its value in March, possibly back above $95,000.

The Sandbox (SAND), a metaverse-based token, has also seen renewed interest from whales this week as the market anticipates a broader recovery in March. The token trades at $0.29 at press time, noting a 43% decline over the past month. According to Santiment's data, over the past week, whales holding between 100 million and 1 billion tokens have accumulated 180 million SAND valued above $52 million at current market prices. At press time, this cohort of investors holds 1.93 billion SAND tokens, its highest count since June 2024. The surge in SAND whale holdings is due to its current undervalued status, as reflected by readings from its market value to realized value (MVRV) ratio. As of this writing, the altcoin's 7-day and