𝗔𝗿𝗲 𝘄𝗲 𝘀𝘁𝗶𝗹𝗹 𝗶𝗻 𝗮 𝗯𝘂𝗹𝗹 𝗿𝘂𝗻?
👉 In the last 30 days, #Bitcoin permanent holders and ETFs have accumulated a staggering 404,448 BTC.
👉 Meanwhile, only 13,500 BTC were mined in the same period.
This means the accumulation by these key players is **30 times** more than the new BTC supply coming into the market. But why does this matter?
𝗧𝗵𝗲 𝗪𝗵𝗮𝗹𝗲𝘀' 𝗣𝗹𝗮𝘆𝗯𝗼𝗼𝗸
In an uptrend, large holders (aka whales) accumulate assets, driving demand and pushing prices higher. When the market turns down, these same players start distributing or selling their holdings.
𝗧𝗵𝗲 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆
Such significant accumulation by permanent holders and ETFs could be a sign that we are still in a bullish phase. These big players are positioning themselves for potential gains, which often signals confidence in the market's upward momentum.
So, are we still in a bull run? The actions of these whales certainly suggest so! 🐋🚀
