US Clarity Act Triggers Whale Activity and Market Volatility

The cryptocurrency market has witnessed an increase in whale wallet activity and trading volumes ahead of the US Clarity Act, which is set to take effect at the beginning of March.

The proposed legislation aims to introduce clearer regulatory standards for digital assets, reducing uncertainty for both market players and crypto-focused companies.

Santiment's data shows that there are now over 19,000 wallets holding 100 or more Bitcoins, with each account valued at a minimum of $6.78 million.

This increase in large-scale addresses suggests that capital distribution is becoming broader, rather than pooling in just a few hands.