Whales are accumulating more Bitcoin through over-the-counter deals as exchange reserves hit all-time lows. US-based investors are leading the trend, with more coins being held by American investors. Recent data shows that over 20,000 BTC flowed back into whale addresses, indicating an increase in accumulation. This accumulation is happening as BTC's price slides and threatens to drop below $100,000. The trend of US ownership of Bitcoin is at a high level, with the ownership ratio of the USA to the rest of the world at its highest since before the 2022 market crash. The high accumulation by US-based investors correlates with previous bull markets and is driven by factors such as daily ETF buying and the building of corporate treasuries.



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