<ul><li>Bitcoin whales, large holders excluding exchanges and mining pools, have not exited their positions despite the recent volatility and price correction.</li><li>This accumulation activity by whales is similar to the pattern observed during the August-September 2023 sideways market phase, indicating long-term conviction and potential for major rallies.</li><li>Bitcoin has shown resilience and is approaching a critical daily resistance near $88,700, as it recovers from the recent correction.</li><li>Reclaiming key moving averages, such as the 200-day MA and 200-day EMA, is crucial for Bitcoin to confirm a reversal and establish a long-term uptrend.</li></ul>

Bitcoin Whales Haven’t Made Their Exit Yet – Is The Bull Cycle Still Intact?

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