Bitcoin whale accumulation rises, signaling bullish momentum

Net buying by Bitcoin whale wallets holding 1,000 to 10,000 BTC has risen to about 66,700 BTC over the past 60 days, approaching the 68,000 BTC recorded on June 16, according to an analysis by crypto analyst Amr Taha. Taha said the figure was the highest since Feb. 17, when net buying by those wallets topped 106,000 BTC. By contrast, wallets holding 100 to 1,000 BTC were net sellers of about 77,800 BTC, showing a clear selling bias. Taha explained that wallets in the 100 to 1,000 BTC range have historically been the group that most closely reflects retail investor behavior, with a tendency to buy near price peaks and sell near bottoms.