In a pivotal moment in the cryptocurrency market, large-scale Bitcoin investors, popularly known as “whales,” have used the recent price drop as an opportunity to purchase more than 47,000 BTC. This strategic accumulation marks a significant change in sentiment that predicts Bitcoin's future rise.📈🐳

According to Ki Young Ju, founder and CEO of CryptoQuant, wallets holding at least 100 BTC continue to accumulate cryptocurrencies. This move could profoundly impact the market, potentially solidifying Bitcoin's position and paving the way for further growth.

However, whale accumulation contradicts the recent trend in spot Bitcoin ETFs. Eleven US Bitcoin ETFs recorded negative net draws of approximately $871 million this week.

According to the latest data, Bitcoin (BTC) is trading at $65,249.79, up 2.26%. Do you think Bitcoin can reach 100k by the end of the year? Share your comments with us below.