Bitcoin whales have shown a significant increase in their BTC holdings, accumulating 5% more over time. This surge has brought the total supply held by whales to over 4 million BTC.
This trend might have various impacts on the Bitcoin market, including reduced liquidity on exchanges due to lowered exchange reserves, potentially leading to price volatility.
The decline in exchange reserves suggests that whales are transferring their assets to private wallets, indicating a long-term holding strategy.
Such accumulation behavior by whales often drives market sentiment and can be a pivotal factor in future BTC price movements.
