Bitcoin Accumulation Whales Usually Never Fails

🐳 As May progresses, Bitcoin's key stakeholders are mostly moving in the right direction if you're rooting for $100K$BTC in the near future.

Wallets with the highest correlation with crypto's overall market health (10-10K BTC wallets) have accumulated a combined 81,338 more BTC (+0.61% of their holdings) during these past 6 weeks of volatility.

Meanwhile, small wallets that tend to have an inverse, lagging correlation to price (<0.1 BTC wallets) have dumped 290 BTC (-0.60% of their holdings) in the past 6 weeks.

When large wallets gradually accumulate in tandem with retail panic selling/selling out of boredom, it is generally a strong long-term sign of prices biding their time before another breakout. 👍

এটি আর্থিক পরামর্শ নয়। DYOR।