BTC has seen a significant price surge recently, attributed to bullish sentiment from BTC ETFs and whale accumulation. Santiment reported whales accumulating 248.9k BTC while smaller wallets sold 151.2k BTC in 2024. Despite a rise in stablecoin supply ratio, BTC exchange reserves have decreased, indicating accumulation and supporting further price uptrend expectations.
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BTC has seen a significant price surge recently, attributed to bullish sentiment from BTC ETFs and whale accumulation. Santiment reported whales accumulating 248.9k BTC while smaller wallets sold 151.2k BTC in 2024. Despite a rise in stablecoin supply ratio, BTC exchange reserves have decreased, indicating accumulation and supporting further price uptrend expectations.
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