Whales continue to accumulate Bitcoin, but it's no longer sensational

Once, news that whales were buying Bitcoin caused a storm of emotions in the market. Today, it has become a normal occurrence.

We are in a bull market

According to on-chain data, approximately $7 billion in capital enters the market weekly. This is a clear sign of ongoing growth.

It is important to understand that the current situation is far from a bubble:

⚪️A bubble forms when the price significantly exceeds the volume of incoming capital. This is clearly not the case now.

⚪️Corrections are possible, but even if Bitcoin drops by 30%, this pullback is likely to be short-term, followed by a rise that compensates for the losses.

The chart above shows that the current values of the MVRV indicator (in blue) are far from the peak bubble zones (around 6-8, and now at 1.8), as was the case in previous cycles. We have clearly not yet reached the peak.

The current Bitcoin cycle is far from its peak, and it is too early to talk about a bear market. If someone claims otherwise, they may simply be ignoring on-chain data.

Corrections may occur, but the long-term outlook remains positive. Whales continue to accumulate, and the market is growing.