Bitcoin whales enter deep accumulation for the first time since January

Quick Take

• Last week, CryptoSlate analyzed the fact Bitcoin whales have started to enter the fray of accumulating Bitcoin.
• However, whales with over 10,000 Bitcoin have started aggressively accumulating for the first time since January, denoted by dark blue.
• While all other cohorts have exhausted their accumulation, and some are even seeing distribution.
• Large entities’ activity has been at its highest level for almost a year to support further whale activity —which looks at transaction volume.
• Whales are considered the smart money of the ecosystem and are aggressively buying Bitcoin below $30,000.

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