Bitcoin Whales Make Massive Move as Bitcoin Price Surges to $65K – Are Bulls Back?

The post Bitcoin Whales Make Massive Move as Bitcoin Price Surges to $65K – Are Bulls Back? appeared first on Coinpedia Fintech News

Throughout the week, both Bitcoin and altcoins experienced a continuous drop in value, which began following increased tensions between Iran and Israel over the weekend. This decline led Bitcoin to fall below $60,000, sparking worries among investors.

Meanwhile, such a drop made some investors nervous and caused them to stay away from the market, others saw it as an opportunity and increased their purchases.

Recent data suggests that large Bitcoin holders, known as whales, may have seized the opportunity to accumulate more of the cryptocurrency during its recent price dip. Analysis of wallet addresses holding over 0.1% of the total Bitcoin supply reveals a notable uptick in accumulation activity.

Bitcoin whales may have finally started buying the dip