#CryptoMarketRecovery Crypto analysis platform Santiment shared critical data about Bitcoin and the overall market in its latest analysis.

The company's Content Officer Brian Quinlivan describes the current market outlook as a "period of uncertainty and wait-and-see."

According to analysts, there is no significant change in the supply ratio of wallets holding between 10 and 10,000 BTC. Whales are neither making aggressive accumulations nor selling due to global macroeconomic uncertainties. Small investors holding less than 0.01 BTC continue to accumulate, viewing each dip as an opportunity.

The analysis suggests that Bitcoin's price trajectory in the coming period largely depends on external factors. News of ceasefires in the Middle East and subsequent violation claims cause sharp fluctuations in the market. It is estimated that 80% of Bitcoin's performance in the next month will depend on the course of this war.

Reports that Iran may demand payments in Bitcoin from oil tankers passing through the Strait of Hormuz are seen as an example of a "benefit" that proves the cryptocurrency's validity as a global payment tool.

Santiment states that investor psychology on social media is a strong signal for price movements. When investors are very bullish, prices often peak. Conversely, when pessimism increases on social media, the best buying opportunities usually arise. The current outlook has shifted somewhat positively along with hopes for a ceasefire, which could bring short-term correction risks.

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