Sharks Accumulate Massive Bitcoin Holdings, Signaling Potential Supply Squeeze

Crypto whales are showing confidence in Bitcoin by accumulating over 65,000 BTC recently. This influx of long-term holdings amidst price dips hints at a potential market squeeze where demand could outpace supply. Data shows that long-term holders continue to buy and hold their Bitcoin despite short-term corrections. Their steady accumulation reinforces the idea that bitcoin is becoming increasingly scarce in open markets, as more coins are being stored on exchanges.