**Bitcoin Whales on the Move: Accumulation Signals Potential Breakout**

Bitcoin is making waves again, with its price nearing the $70,000 mark. Big players, known as "whales," are snapping up BTC at a pace reminiscent of the 2020-2021 rally, which saw Bitcoin soar by 550%.

CryptoQuant's Woominkyu notes that the current whale activity mirrors the post-COVID crash period, hinting at a possible breakout. Despite short-term volatility, whales are betting on long-term gains.

In the past six months, whales have accumulated over 1.5 million BTC, each holding more than 1,000 BTC. New whale wallets, holding coins less than 155 days old, now account for 9.3% of the total supply.

While whales are bullish, long-term holders and miners might add some resistance. However, short-term holders are also accumulating, potentially balancing any selling pressure. Keep an eye on these shifts as they could dictate Bitcoin's next big move.