The Silent Comeback of Whales: The Significance of 622 New Bitcoin Wallets
The latest price movement of bitcoin isn't simply noise; it might be the whales' comeback. Santiment data indicates that 622 new wallets with 10+ BTC have appeared in the last month, indicating significant accumulation.
Whales frequently purchase cryptocurrency during downturns and sell during upswings. Their comeback might indicate a resurgence of interest in Bitcoin's medium- to long-term prospects. Following months of deterioration, this pattern could indicate:
Reentering institutional players Macro shifts are anticipated by smart money (think FOMC). Bitcoin below $70,000 is seen as a value zone.
Now what? It's a signal to remain vigilant rather than a push to buy.
