Understanding the Bitcoin Surge: Why Whales Bought 122K BTC in Just Six Weeks

Key Points

• Whale wallets have accumulated over 122,000 Bitcoin in the past six weeks, indicating increased institutional confidence.
• Retail investors remain cautious at the $107K level, while whales anticipate a potential breakout.

In a significant change under the market’s surface, whale wallets that hold between 100 and 1,000 Bitcoin (BTC) have acquired over 122,000 Bitcoin within a span of six weeks.

This action demonstrates a growing confidence among investors with deep pockets.

Whales vs. Retail Investors

The creation of 337 new wallets in this category signifies a rising bullish divergence from retail investor behavior, especially as Bitcoin prices hover around the $107K mark.

While smaller investors seem wary, the biggest believers in Bitcoin are doubling their investments.

The Return of Whales

While retail investors wait, the smart money is building up.