New findings from market intelligence platform Santiment reveal that a key indicator for Bitcoin (BTC) price rallies is currently showing a bullish signal. Santiment explains on the social media platform X that when crypto wallets holding at least 10 BTC are accumulating, the price of BTC tends to rise. Conversely, when these wallets sell, it often leads to extended bear markets. Santiment suggests that the activity of deep-pocketed crypto investors is closely correlated with the price of digital assets. They note that price reversals can often be observed when there is a spike in whale transactions (transactions involving large sums of money) on the BTC network. If prices are moving up during a big whale transaction spike, it is more likely that prices will correct and drop back down. Conversely, if prices are moving down during a big whale transaction spike, there is an increased likelihood that prices will bounce back up. Santiment also acknowledges that while many whale investments are legitimate, sometimes whales may raise the market without a good reason. Bitcoin is currently trading at $67,383, representing a 1.6% decrease in the last 24 hours.