Bitcoin Whales Accumulate $500 Million Worth, Signaling Long-Term Optimism

A substantial group of investors known as “whales” has amassed a significant stake in Bitcoin. They purchased 122,330 BTC over the past six weeks, significantly increasing their holdings and adding nearly 340 new wallets to their pool. This marks a noteworthy increase in their representation within the overall Bitcoin network. Notably, this cohort has consistently exhibited a stronger correlation to Bitcoin price movements than any other group throughout history.