They're Back For Bitcoin: If It Continues, A Bull Move Could Be Triggered! - Coin Newsletter

According to analysts, whales' resumption of Bitcoin (BTC )biriktirmeye could trigger bullish momentum in the market if the trend continues.

According to the CryptoQuant analyst, whales who have avoided accumulating Bitcoin for a long time are on the move again**, and if this trend continues, there could be bullish momentum in the market. The CryptoQuant analyst emphasizes that whale behavior has been decisive on the price many times in the past.

In the cryptocurrency market, whale movements, especially the strategies of large investors, have always been one of the most carefully watched indicators. According to a CryptoQuant analyst, whales have been reducing their Bitcoin holdings in recent months, marking the longest net downtrend in a year. However, CryptoQuant data shows that this trend is starting to change, and whales are turning to collecting Bitcoin again.

Whales' Bitcoin purchases are on the rise

According to the latest data, the monthly percentage change of whales has moved back into positive territory. According to a CryptoQuant analyst, large investors are re-entering the market and starting to accumulate Bitcoin. Historical data shows that similar situations are often considered a bullish signal and have a positive impact on the price. If this trend continues, the bullish momentum in Bitcoin price could gain strength.

According to data from CryptoQuant, there are many instances where whale movements have pushed prices higher in the past. However, the CryptoQuant analyst reminds us that other macroeconomic and on-chain data in the market should also support this momentum.