Bitcoin whales have been accumulating more BTC over the past 30 days, indicating sustained buying pressure despite the market correction. This pattern resembles previous periods of sustained buying observed in the past. The continued absorption by large entities suggests that supply is being removed from the market consistently. If this buying trend continues, it could reinforce a longer-term bullish market structure. Additionally, the Coinbase premium, which reflects the difference in BTC prices between Coinbase and other exchanges, has formed higher lows, indicating institutional demand in the US market. However, the market remains uncertain, making it challenging for investors to assess short-term price direction. It is advised to avoid reactive trading decisions based on short-term price movements without clear trend confirmation.



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