Holders of more than 10,000 BTC, or Bitcoin whales, have lately exhibited some novel behavior: They are accumulating Bitcoin steadily. The most recent data show that the Accumulation Trend Score for this cohort has jumped above 0.5—indicating the kind of clear, positive trend that a Bitcoin bull would like to see. By contrast, holders with 1 to 10,000 BTC—still a pretty big range—are net sellers of BTC, according to the same data. But back to the whales: This renewed activity from the ocean’s depths is getting attention for a reason. It bodes well for future Bitcoin price action. Swag: Bitcoin
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