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. 🐟👋 #Bitcoin is dancing just above $66.1K as small traders continue to #liquidate their holdings despite the #crypto bounce over the past week. Historically, small wallets dumping their coins to larger wallets is an encouraging and #bullish sign for $BTC.
The post Bitcoin’s Resurgence: Whale Accumulation Signals Bullish Momentum appeared first on The Merkle News.