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