Bitcoin Whale Activity Soars Amid Correction

Recent analysis reveals a surge in buying activity from large Bitcoin holders, with data showing a sharp increase in their balances since February. This trend coincides with the cryptocurrency’s correction following its peak around mid-January. Crypto YouTuber Lark Davis highlighted this increase on April 16th, citing chart data from CryptoQuant. The graph demonstrates a significant rise in whale balances and suggests that buying activity has intensified as prices dropped.