đ **Bitcoin Whales Signal Confidence!** đ
Despite a slowdown in Bitcoin (BTC) whale accumulation, the weekly net flows among these large holders (addresses with at least 1,000 BTC) have remained positive for nearly four months. This means more BTC is entering these wallets than leaving, suggesting potential buying pressure.
đ **Consistent Inflows** đ
Data from IntoTheBlock shows that the weekly net inflow peaked at 27K BTC in June and has remained positive through September. The last negative net flow was in May.
đ **Bullish on Bitcoin** đ
Sustained positive net flows from whale wallets suggest a bullish outlook for BTC. While accumulation has slowed, long-term holders still possess 12.6 million BTC. Bitcoin trades at $63,000, up 5% today and 9% this week!
