Bitcoin Mega Whales Are Buying, Time For Rally To Return?
Summary
Bitcoin's largest investors, known as "mega whales," have shown significant net inflows in the past day, purchasing 19,760 BTC worth over $1.27 billion. This could potentially lead to a bullish trend in the asset's value, as historically, accumulations by these investors have preceded rises in Bitcoin's price. However, the recent spike in purchases, while substantial, is not as prominent as previous large buys. Despite this, Bitcoin is currently trading at around $64,500, down more than 5% over the past week.
