Bull Run Incoming? Whales Accumulate 150,000 BTC over 5 Months

IconCryptoNewsTerminal Staff30 May, 2024

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Bull Run Incoming? Whales Accumulate 150,000 BTC over 5 Months

Recent on-chain data from Santiment reveals a bullish signal for Bitcoin. Addresses holding more than 10 BTC have added 154,560 more BTC to their holdings in the last five months. This significant buying activity by whales is often seen as a leading indicator of price increases in the market. The accumulation of Bitcoin by whales suggests that they are confident in its long-term potential and expect its value to appreciate in the future. This bullish sentiment from large investors is a positive sign for the overall market, indicating that a bull run may be on the horizon.