Whale Accumulation Signals Optimism in Crypto Market

Recent data indicates a significant shift in Bitcoin holdings, as short-term investors offloaded nearly US$4 billion in losses. In response, whales have seized the opportunity, accumulating approximately 16,000 BTC, valued at nearly US$1.5 billion, over the past two days.

This accumulation is primarily reflected in institutional addresses, suggesting strategic positioning by major players. However, the current buying volume remains insufficient to trigger a broader market rally.

For a new all-time high, increased participation from both retail and institutional investors is essential.