Whales are accumulating Bitcoin at an impressive rate despite the recent price slump. According to crypto analytics platform Santiment, large holders have acquired over $7.8 billion worth of Bitcoin in less than a month, even as the price dropped to as low as $49,140 on August 5. Meanwhile, smaller traders have been offloading their holdings during this period. This accumulation by whales is seen as a positive sign for a potential rebound, although analysts have differing opinions on Bitcoin’s future. Some suggest the price could fall further, while others believe it could break through resistance levels and reach $120,000.
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Whales Accumulate Over 133,000 BTC in Under a Month Amid Bitcoin Price Slump
