Bitcoin Whales Calm While Market Panics: Holdings Remain Strong
Summary
Bitcoin whales have been accumulating coins since March 1st, with the largest entities, known as "mega whales," buying 91,732 BTC. The rally to the all-time high was possibly fueled by massive purchases from mega whales, who sold some after the initial price drawdown but have since held tight. Despite bearish price action, whales and sharks have seen sideways movement in their holdings. Bitcoin is currently trading around $62,600, down more than 11% over the last seven days.
