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Lee | Market Intel
🐋 Whales are accumulating over 38,000 BTC—but is it truly bullish?
#Bitcoin has seen one of the largest inflows into Accumulation Addresses, wallets typically linked to long-term holders and OTC activity.
However, there's an important detail: The average cost basis of these wallets is around $70K, while $BTC is trading near $64K.
This creates two possible scenarios:
🟢 Bullish: Whales are accumulating ahead of the next major rally.
🟠 Watch closely: Some buyers may simply be lowering their average entry price, with $70K becoming a potential break-even selling zone.
👀 The inflows are significant, but how these wallets behave around $70K could provide the clearest signal for Bitcoin's next major move.
#Bitcoin #BTC #Whales #OnChain #Crypto #MarketUpdate #Accumulation
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