Bitcoin whales are accelerating their accumulation, and market confidence is soaring!
Recently, there has been a significant signal in the Bitcoin market: those holding 1,000 to 10,000 Bitcoins are frantically accumulating! In the data chart, yellow dots are densely popping up, indicating that the holdings of these whales have been rapidly increasing in the last 30 days. Even more exaggerated is that this accumulation trend is almost synchronized with the surge in Bitcoin prices, as if they had made an appointment.
What does this phenomenon indicate? Simply put, large capital is casting votes for Bitcoin with real money! These whales are not retail investors; a small movement from them can result in transactions worth hundreds of millions of dollars. Now that they are collectively increasing their positions, it is akin to major funds entering the stock market, indicating that the big players are full of confidence in Bitcoin's future—either they believe it can continue to rise, or they are hoarding it as a hard currency like gold.
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