When Bitcoin was approaching the 100k target, whales continued to accumulate and hold their positions.
This behavior suggests that the overall market sentiment remains positive and confident.
There are two important metric combined in this chart :
🔸 Total Whale Balance : This gives a broader perspective on whether whales are generally increasing or decreasing their holdings over time.
🔸 The monthly percentage change in whale balance wich gives insight about if whales are accuulating or selling on a short term.
Tracking whale activity offers valuable insights into investor confidence and market sentiment.
Written by Darkfost
