Bitcoin whales reversed a 60-day selling spree by accumulating $2.9 billion in Bitcoin, signaling a shift to accumulation that removes sell-side pressure and supports a bullish near-term outlook for BTC and the broader crypto market.
The article reports Bitcoin whales ended their selling spree and added $2.9 billion in 60 days, marking a shift from distribution to accumulation. This removes a key source of sell-side pressure and signals large-holder conviction, which is bullish for BTC/USD.
Whale accumulation of $2.9 billion over 60 days suggests large holders are building positions, reducing sell-side supply and potentially supporting Bitcoin prices in the near term.
The shift from selling to buying by whales is a bullish signal, but price action depends on continuation of accumulation and overall market conditions.
Bitcoin whales ended a 60-day selling spree by adding $2.9 billion to their holdings, according to the report. The shift from distribution to accumulation removes a key source of sell-side pressure and signals large holders are positioning for upside rather than exit. If the accumulation trend persists, it could support Bitcoin prices in the near term and improve sentiment across crypto markets.
The article reported that Bitcoin whales ended a 60-day selling spree and added $2.9 billion to their holdings over that period.
Whale accumulation signals large holders are buying instead of selling, reducing supply overhang and potentially supporting the price.