Bitcoin whales have strategically accumulated more than 1.5 million BTC over the past six months, raising speculation about a potential mega rally on the horizon. This move reflects the strategic behavior of large investors who capitalize on market movements.
Despite facing downward pressure recently—with a decline from around $66,000 in early October—Bitcoin has shown resilience by bouncing back from lows below $60,000. This recovery, occurring after a slip on October 10, suggests ongoing interest among investors.
For the bulls, maintaining momentum could be crucial to harness the potential of the current accumulation trend. Their ability to hold gains and propel Bitcoin higher might precipitate significant future price movements, benefiting from the foundational strategy of these influential Bitcoin whales.
