Bitcoin whales, which refer to institutional investors, are taking advantage of the stagnant crypto market to accumulate tokens from minor traders, according to data from on-chain analytics platform CryptoQuant. Institutional wallets, excluding miners and some exchanges, have accumulated over 67,000 BTC in the past 30 days, pushing their cumulative holdings to over 3.9 million BTC. This trend of whale accumulation indicates that big investors remain bullish on the long-term potential of Bitcoin, despite the decrease in positions held by retail investors and the sideways movement of Bitcoin's price.



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