❗❗💸 Investments in Bitcoin by major holders remain in acquisition mode.💸❗❗

At the time of writing this article, the value of Bitcoin is above $94,200 per unit. This is a favorable price, given that the cryptocurrency has established a robust support level relatively close to its historical highs. This indicates that, in the event of positive news, the value of the currency could easily increase.

This circumstance keeps large wallets, known as BTC whales, in a wait-and-see posture. For an extended period, these entities have been making massive purchases of BTC, which have absorbed a significant portion of the liquidity that retail investors have injected into the market. In simple terms, while retail investors were liquidating assets, reducing the price of BTC to $80,000 or even less, the whales were increasing their acquisitions. With the price of the currency approaching $95,000, these wallets have decreased their purchasing pace, leading to a stabilization of the price of the leading cryptocurrency.

It is essential to consider the significant influence that whales have on the price of Bitcoin. Although the leading cryptocurrency enjoys a considerable market capitalization, a large portion of its supply is concentrated in a few hands. This implies that the actions of the whales can significantly impact the supply and demand of this asset.

It is likely that favorable policies in the United States will encourage greater adoption of BTC, which could possibly mitigate the impact of the whales.

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