Despite recent price stagnation for Bitcoin, data reveals substantial purchases from large investors. On October 26th, an anonymous wallet purchased 3,195 BTC, worth approximately $356 million, from Kraken exchange and another over-the-counter address. This triggered optimistic discussions on X, with users speculating about a market shift. Further indicating confidence in the market is the activity of other whales, who both took long positions for leveraged gains on both Bitcoin and HYPE coin. These actions suggest an anticipation for a new bull market wave. Social media personality Lucky echoed these sentiments, stating “the hype is real.” Meanwhile, analysts are keeping an eye on the $116,000 mark, noting that a sustained price break above this threshold could signal a bullish reversal. While some see it as similar to the 2021 bull market, others believe demand generated from BlackRock’s ETFs will ultimately benefit Bitcoin’s long-term trajectory. It remains to be seen whether these whale purchases will catalyze a sustained market shift or if they are just a temporary surge.