Bitcoin Whales Go on Buying Spree Despite Price Dip

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