Analyst: Are whales buying or selling #Bitcoin?

22.02.2024
22.02.2024

The behavior of #crypto whales is currently mixed, with some buying and others selling to benefit from the recent price movement.

However, if you focus on the largest cohort of “whales” - those who hold between 1,000 and 100,000 #BTC - you will notice a clear trend towards accumulation. This pattern is typical of bull markets and indicates a positive outlook for these large holders.

They began buying $BTC at around $29,000 and accelerated their purchases once the price exceeded $46,000. This collective action shows confidence that the market is capable of further growth, despite minor short-term corrections along the way.

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