Bitcoin whale investors have been strategically adding to their portfolios in recent weeks, even as price remains muted.
Most organizations that track on-chain activity define whales as wallets that store at least 1000 coins at any particular time. Whale movements have become the subject of intensive scrutiny over the years, providing traders and analysts with valuable clues into market sentiment.
BTC’s price has been stagnant in recent weeks, and during such times of inactivity, whale investors strategically enter into accumulation mode. As per data from Santiment, whale transactions hit a 3-week high earlier this week.
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