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Bitcoin’s Resurgence: Whale Accumulation Signals Bullish Momentum

DATE POSTED:May 21, 2024

Bitcoin is currently trading just above $68,000, a notable increase from its recent price of $66,100. Despite this positive trend, many small traders have continued to liquidate their holdings, contributing to a shift of coins from smaller to larger wallets. 

Historically, this behavior has been a bullish indicator for Bitcoin, signaling that larger, more experienced investors are accumulating the cryptocurrency.