Bitcoin whales are continuing to accumulate the cryptocurrency despite market uncertainty, while traders are showing signs of skepticism as BTC reaches new highs. Prominent investors and large-scale holders of Bitcoin are exhibiting persistent activity and have accumulated 71,000 additional BTC since mid-June. This accumulation has led to a surge in the number of addresses holding more than 1 Bitcoin, reaching a new all-time high. However, there is a growing caution among traders, with an increasing preference for options contracts that profit from downward price movements. Despite this, Bitcoin whales remain optimistic.
AI Sentiment: Positive