Bitcoin approaches the 100k mark, whales continue to accumulate and hold their positions. This indicates that market sentiment remains optimistic and confident.

Two important indicators to pay attention to:

- Total whale balance: Provides an overview of whether whales are increasing or decreasing their holdings over time.

- Monthly percentage change of whale balance: Helps to better understand whether whales are accumulating or selling in the short term.

Monitoring whale activity provides valuable insights into investor confidence and market sentiment.