Bitcoin Whales Accumulate Massive $40 Billion in BTC, Signaling Bullish Trend

Recent data reveals a substantial buying spree among Bitcoin whales, holding between 10-10,000 BTC, signaling a bullish trend. The massive accumulation has resulted in the transfer of over 79,244 BTC to cold wallets and exchanges. This activity signifies a high level of confidence from major investors, potentially foreshadowing price increases. 85% of the accumulated BTC is likely being stored offline, reducing available supply on exchanges. However, the long-term impact on the market remains uncertain.