๐๐ฟ๐ฒ ๐๐ฒ ๐๐๐ถ๐น๐น ๐ถ๐ป ๐ฎ ๐ฏ๐๐น๐น ๐ฟ๐๐ป?
๐ In the last 30 days, #Bitcoin permanent holders and ETFs have accumulated a staggering 404,448 BTC.
๐ Meanwhile, only 13,500 BTC were mined in the same period.
This means the accumulation by these key players is **30 times** more than the new BTC supply coming into the market. But why does this matter?
๐ง๐ต๐ฒ ๐ช๐ต๐ฎ๐น๐ฒ๐' ๐ฃ๐น๐ฎ๐๐ฏ๐ผ๐ผ๐ธ
In an uptrend, large holders (aka whales) accumulate assets, driving demand and pushing prices higher. When the market turns down, these same players start distributing or selling their holdings.
๐ง๐ต๐ฒ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐
Such significant accumulation by permanent holders and ETFs could be a sign that we are still in a bullish phase. These big players are positioning themselves for potential gains, which often signals confidence in the market's upward momentum.
So, are we still in a bull run? The actions of these whales certainly suggest so! ๐๐
