Crypto whales have been actively accumulating $1 billion worth of Bitcoin (BTC) daily, driven by the cryptocurrency's strong fundamentals. Despite experiencing sharp drawdowns recently, Bitcoin's price has shown resilience by quickly rebounding.
Data from analytics platforms like CryptoQuant indicates a rise in Bitcoin holdings by new crypto whales, while on-chain data highlights an increase in BTC active addresses, suggesting growing market activity and confidence.
Besides Bitcoin, these large investors are also exploring other cryptocurrencies for potential profits in the crypto market.
