Bitcoin whale investors have been strategically adding to their portfolios in recent weeks, even as the price remains stagnant. The number of whale addresses on the Bitcoin network has grown, indicating a long-term bullish trend. Whale transactions have hit a 3-week high, suggesting that whales are accumulating during times of inactivity. Long-term holders control a significant portion of Bitcoin’s circulating supply, and the sentiment has shifted towards holding rather than trading. This accumulation by whales could be an important indicator for the market.
AI Sentiment: Positive