Whales Scoop Up Bitcoin ‘Like Never Before’

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Large Bitcoin holders and investors have been aggressively accumulating over the past month or so, say analysts. 

Bitcoin whale activity picked up in March and April this year, observed crypto YouTuber Lark Davis on April 16.

Over the past two months, large holders with a balance from 1,000 to 10,000 BTC “have been buying like never before,” he added, citing a chart from CryptoQuant.

The graph shows a steep increase in whale balances since February, accelerating into April. Conversely, BTC prices have been in a correction since mid-January, with the chart showing that buying by this cohort has increased as prices have fallen.


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