The whales are back in action!
After a long absence, we have seen whales return to strongly accumulating Bitcoin ($BTC) on the heatmap. Previously, we only saw investors from Wall Street buying regardless of the market.
Notably, selling from the Grayscale Ethereum ETF has begun to slow down. In fact, we have had a few days of inflows into the $ETH ETF turning positive. This shows growing interest in Ethereum from major investors.
When the general sentiment of the macro market stabilizes, and those who fear a recession have sold out, I believe we will soon see the $BTC train continue its journey to find a new peak (ATH). In the coming time, with the active participation of whales and stable cash flow from ETF funds, the market may enter a new growth phase.
