Despite the correction in Bitcoin, whales have accumulated more than 65,000 bitcoins in the last 30 days. This situation indicates the high buying pressure from major network participants.
Although it may not have an immediate effect on the price in the short term, it shows that it has been absorbed by large participants, excluding miners and exchanges.
If this trend continues for a few more weeks, it will indicate a sustained buying pressure similar to that in November and December.
Although it may not have an immediate effect on the price in the short term, it shows that it has been absorbed by large participants, excluding miners and exchanges.
If this trend continues for a few more weeks, it will indicate a sustained buying pressure similar to that in November and December.