The number of Bitcoin (BTC) whale transactions worth $100,000+ has dropped by 48% since March 2024, coinciding with a 20% decrease in Bitcoin's price. Santiment data reveals a decrease in whale transactions to 60.2K from a high of 115.1K in August. Despite this, long-term accumulation by whale addresses remains high. Intotheblock data shows addresses holding 1,000-10,000 BTC hold 24.17% of the total supply. The supply held by whales peaked in January 2021 at 30% but has since dropped to 24.17%. The average supply per whale is around 550 BTC. The accumulation heatmap suggests strong buyer support at $52,000, with a 42% price rally in Q1 2024. The $51.5K to $52.3K range may act as a support zone in future corrections. Bitcoin currently faces resistance from the 200-day EMA. Read more AI-generated news on: https://app.chaingpt.org/news