Whales Accumulate Bitcoin

Analyst Quinnliven noted that large and small holders of digital gold are "moving in different directions".

According to experts, over the past 10 days, 231 new wallets with a balance of over 10 BTC have appeared. At the same time, more than 37,000 addresses with smaller amounts have sold off their holdings of the first cryptocurrency.

"When large players accumulate and retail investors lose confidence, it historically signals a return of bullish momentum to the market," emphasized Quinnliven.

Currently, bitcoin is trading around $104,000 - $105,000. Over the past day, the asset has slightly increased.

As a reminder, a week ago, analysts noted an improvement in market sentiment and the steadfastness of large holders of digital gold.