šØ Bitcoin Whale Accumulation HITS a RECORD 670K āIs a MASSIVE BULL RUN Incoming? šØ
Bitcoinās recent V-shaped recovery above $67,000 has sparked excitement, but thereās something even more shocking happening under the surface: Bitcoin whales are quietly stacking up BTC like never before, reaching an all-time high of 670,000 BTC in whale wallets! This stealth accumulation could be the calm before a massive storm ā are we on the brink of a parabolic bull run?
š„ Bitcoin Whales Hit ATH ā What Does This Mean?
According to CryptoQuant researcher BaroVirtual, the Bitcoin whale holdings have surged to a record-breaking 670K BTC, overtaking the previous high from 2020. The whales, often seen as the smart money, are now holding more Bitcoin than ever before, indicating long-term bullish sentiment.
ā ļø Could This Be the Calm Before the Storm?
BaroVirtual described this phase as the ācalm before the stormā, suggesting that while prices may seem stable now, the groundwork is being laid for a massive move. In previous cycles, whale accumulation has been a precursor to Bitcoinās parabolic price rises. The last time we saw this kind of whale activity, Bitcoin rallied by 550%! Could history repeat itself?
š„ ETF Inflows Suggest Institutional FOMO is Kicking In
In addition to whale accumulation, weāre seeing a spike in ETF inflows, a strong signal of institutional bullishness. After a brief pullback, Bitcoin ETF inflows surged by $192.4 million on Oct. 23, despite BTCās price drop the previous day.
š Immediate Recovery with V-Shaped Bounce ā Whatās Next for BTC?
From a technical standpoint, Bitcoinās price has bounced back from a low of $65,200, surging to $67,000 in a V-pattern, a bullish signal that suggests the worst might be over. But to truly confirm the bullish momentum, BTC will need to break through overhead resistance at $67,800.
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