Bitcoin whales have resumed accumulation, reaching a new all-time high (ATH) in their holdings since the previous ATH in March. This trend suggests a renewed confidence among large investors, as they continue to acquire Bitcoin even with prices hovering around 90k. The rapid increase in the balance of new whales further indicates the emergence of additional large holders in the market. This sustained accumulation and holding behavior by whales is a positive signal, reflecting a strong belief in Bitcoin's long-term potential and stability. Such trends underscore an optimistic outlook for the cryptocurrency market.
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