Whale Accumulation Fuels Bitcoin’s New Highs, Signaling Potential Market Rebound

Bitcoin wallets holding 100-1,000 BTC have just hit record highs, a trend fueled by ‘whale’ accumulation. This activity, which is driving market expectations of a potential recovery, comes as the cryptocurrency industry awaits news from the Federal Reserve regarding upcoming interest rate cuts. While some analysts predict a bearish close for September, others are more optimistic about Bitcoin’s future, citing this recent surge in whale activity as an indicator of strength.