Whales in the Bitcoin market have been accumulating large amounts of BTC, with 28,285 BTC being deposited into their accumulation addresses. These addresses are often used for long-term holdings and facilitating over-the-counter transactions. This accumulation is significant because it decreases the amount of BTC available for exchange trading, suggesting that there may be major price gains ahead. The increased accumulation by whales could potentially drive the price of Bitcoin upward in the future, especially since the cryptocurrency has been showing stability in recent fluctuations. Investors and traders are closely monitoring on-chain metrics to track this whale accumulation behavior, as it indicates a positive outlook on the Bitcoin price by institutional investors.



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