Bitcoin Whales Buy Heavily, Could $110K Rally Be Approaching?

Large Bitcoin investors, known as whales, have been buying aggressively, accumulating a significant amount of the cryptocurrency – 83,105 BTC to be exact. This buying spree comes at a time when smaller retail investors are taking profits. The price of Bitcoin is currently hovering around $110k, and this surge in buying activity has raised questions about whether we may see another rally soon. This increase in demand could also be a sign that the market is heading towards a short-term cool-off before a possible breakout higher.