Bitcoin Whales Go on Buying Spree Despite Price Dip
Adekunle Joshua
Despite a recent Bitcoin price drop, whales have accumulated over $3 billion, signaling strong long-term confidence
The increased whale activity is mainly triggered by the introduction of Bitcoin ETFs in January
Grayscale Bitcoin Trust's heavy outflows temporarily lowered prices, directly creating buying opportunities for whales
Historically, there has always been a correlation between whale acquisitions and subsequent Bitcoin price increases