On-Chain Data Shows BTC Whales Accumulating—Is a Breakout Coming?
Recent on-chain data suggests that Bitcoin whales are accumulating heavily despite the recent price dip. Exchange reserves are at a multi-year low, indicating that large holders are moving BTC off exchanges—typically a bullish sign. Meanwhile, daily active addresses have spiked, suggesting increased network activity.
Additionally, stablecoin inflows to exchanges have surged, hinting at potential buying pressure. If BTC holds above key support levels, we could see a strong rebound.
Are whales preparing for the next leg up, or is this just a trap?
