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A few days ago, I noticed some interesting activity in the Bitcoin market. After a sharp sell-off, it turns out that many whales and institutional investors started accumulating Bitcoin in large quantities. This is a quite significant signal, in my opinion.
The accumulated value happening now indicates that major investors still believe in the long-term fundamentals. They are not panicking and selling when prices drop; on the contrary. On-chain data also shows large transfers to long-term storage wallets, not to exchanges for selling.
Based on my observations, this accumulation pattern usually appears before a recovery phase. Of course, there are no guarantees, but the accumulation value seen now is quite different from typical panic selling. It will be interesting to watch further in the coming weeks.