$BTC Whales Accumulate Bitcoin

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

According to experts, in the last 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 while retail investors lose confidence, it historically signals a return of bullish momentum to the market," emphasized Quinlivan.

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

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