Bitcoin whale wallets have reached an all-time high, with whales and sharks accumulating while Bitcoin’s price struggles. Despite a 62% drop from its peak, market participants remain confident in Bitcoin’s long-term prospects. There is hope for a breakout and surge towards $28,000, but there is also a risk of moving towards range lows. The article emphasizes that the information provided is not trading or investment advice. The author, Insha Zia, is a crypto journalist with expertise in NFTs, Metaverse, and Web Gaming.

AI Sentiment: Positive