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Bitcoin Whales and Sharks Return as Accumulation Resumes

  • Whales and sharks in the Bitcoin market have resumed accumulation, adding approximately 5,000 BTC after weeks of selling.
  • The Bitcoin Fear and Greed Index has dropped to 20, historically a level where whales accumulate discounted BTC.
  • Despite ETF inflows and corporate acquisitions, wallets with over 1,000 BTC continue to cash out, with 100+ large wallets liquidating holdings in early 2024.
  • Bitcoin's price movements have caught the attention of market players, with whales and sharks showing renewed confidence in the market by accumulating BTC.

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