📊 Bitcoin struggles to surpass 107,000 USD, but whales continue to quietly accumulate
In the past two weeks, Bitcoin ($BTC ) has continuously fluctuated within a narrow range – with a low around 104,000 USD and a high near 107,000 USD – reflecting the market's short-term indecisiveness.
However, on-chain data paints a different picture: long-term holders (#LTH ) are holding the highest amount of BTC in the past 2 years, according to data from #Glassnode . This is a clear indicator of a strong and sustainable accumulation trend.
📈 Long-term confidence unshaken
Whale wallets – often the trendsetters in price movements – are continuing to quietly accumulate BTC, despite recent minor corrections. This indicates they are betting on strong growth potential in the near future.
🔒 Increased HODL behavior often signals that a breakout may be forming as circulating supply gradually decreases and accumulated demand rises.
