On-chain data reveals that Bitcoin whales have been consistently buying Bitcoin even as prices soared above $90,000. This trend is indicative of a possibly optimistic outlook on the current rally.
According to market intelligence from IntoTheBlock, there has been a noticeable increase in the number of substantial Bitcoin holders, signaling strong whale activity.
The continued accumulation by these large investors signifies bullish interest and confidence in the upward potential of Bitcoin's market value.
