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.