According to CoinDesk, bitcoin whales are beginning to accumulate the cryptocurrency again after a prolonged period of distribution, marking a significant shift in market dynamics. These whales, defined as wallets holding 10,000 BTC or more, are purchasing bitcoin as its price dips to just above $80,000. This buying activity follows bitcoin's surge to a record high of over $109,000. Glassnode data indicates that this is the first time in nearly a year that whales are buying so aggressively, reminiscent of their behavior in August 2024 when bitcoin was priced between $50,000 and $60,000 during the unwinding of the yen carry trade
source: https://www.binance.com/en/square/post/22422642958786?utm_source=BinanceNewsRSS