Bitcoin Whales Show Buying Signals Despite Price Dip

Despite dipping below its established ascending channel pattern to $81,222 on March 31st, Bitcoin (BTC) is seeing unusual buying activity from whale entities. In a recent analysis by on-chain expert Mignolet, these ‘market-leading’ whales holding between 1,000 and 10,000 BTC showed a strong correlation with the cryptocurrency’s price movements, mirroring a pattern seen during the 2020 bull run. Analysts believe this consistent buying behavior signals an upcoming bullish surge.