Whales are ready ✍️

When looking at the whale ratio on spot exchanges represented by a 30-day moving average, the current whale ratio shows a similar pattern to what we observed after the COVID crash in 2020.

Interpreting this, there are many factors to consider, but one possible explanation is that whales are currently accumulating as much Bitcoin as possible, likely anticipating a price surge post-halving. They could be positioning themselves to benefit from the potential long-term price increase after the next Bitcoin halving.