Despite the continued drop in price, the data suggests that large Bitcoin holders are taking advantage of the lower prices to accumulate more BTC. This shift in behavior from selling to buying could potentially have a bullish impact on the price of Bitcoin in the future.
It will be interesting to see how this accumulation by whales plays out in the market and whether it will be enough to reverse the current downward trend in Bitcoin’s price.
Stay tuned for more updates on Bitcoin and the cryptocurrency market!