$BTC While the retail market is feeling the "crypto winter" chill, the whales are heating up. Recent data shows a single entity just consolidated over 7,000 BTC.
Key Takeaways:
Supply Shock: Large amounts of BTC moving into private custody reduces exchange liquid supply.
Conviction: This isn't a "flip." Moving $470M into a cold wallet suggests a multi-year hold strategy.
Sentiment: Despite BTC trading in a tight range (approx. $68k - $71k), on-chain accumulation is hitting levels we haven't seen since last November.
Technical Outlook: Watch the $72,000 resistance. If this whale activity triggers a "follow-the-leader" effect among other institutional buyers, we could see a squeeze.
Are you Bullish or Bearish on this move? Let's discuss below.
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