The latest data suggests that whales, or large Bitcoin holders, are accumulating coins in preparation for a potential surge in Bitcoin's price. This behavior is similar to patterns observed after the COVID crash in 2020. One possible reason for this accumulation is the upcoming Bitcoin halving, which has historically led to an increase in price due to reduced supply. By holding more Bitcoins before the halving, whales hope to profit from the expected price rise. The increasing whale ratio on spot exchanges indicates that large investors are preparing for a significant market operation. These activities suggest that whales are long-term investors in Bitcoin and anticipate another increase in its value post-halving.



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