Bitcoin Whales Hold Record $670,000BTC : What This Means for Future Market
According to the latest data from Cryptoquant, Bitcoin whales currently hold approximately 670,000 Bitcoins, the highest number of whales ever. Such accumulation is often interpreted as an optimistic signal about the long-term trajectory of Bitcoin. Historical trend analysis shows that when the number of whales peaks, Bitcoin usually experiences a period of sideways movement or moderate decline. This accumulation can be seen as a sign of a preparatory phase before possible market instability. When these whales begin to liquidate some of their holdings, significant price changes are likely to occur, and
and negative shifts in their percentage changes will eventually trigger potential upside.
It is very important to keep a close eye on Bitcoin's performance, especially in the run-up to the upcoming US presidential election and until November 28, as failure to break past highs during this period could indicate trouble in the current bull market.
