Bitcoin: Record high BTC accumulation by whales, will prices follow?

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In recent days, whales have accumulated substantial amounts of BTC, indicating a surge in large-scale investor activity.

Retail interest was high, open interest also surged.over the last few weeks. Data suggested a renewed surge in Bitcoin buying by whales, reaching a two-month high.

While past performance is not necessarily indicative of future results, whales’ historical influence on the market suggests their buying activity could be a bullish indicator for Bitcoin.Retail investors also showed interest in BTC. AMBCrypto’s analysis of Santiment’s data revealed that the cohort of addresses ranging from 0.1 to 10 had showed interest in BTC.

 

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