๐ณ๐ Despite dipping to $68.1K today, Bitcoin's key stakeholders are accumulating. Whales and sharks with 10-10K $BTC have accumulated 61,568 BTC (+0.45%) in the past month, which is a promising sign of an eventual breakout from this range.
๐ค Besides the current macroeconomic and global uncertainty, the other thing holding them back is the continued retail FOMO. Wallets with under 0.01 $BTC have collectively added +0.42% more to their wallets in the past month, essentially matching the rate of accumulation seen from whales and sharks.
๐ Ideally, the ranging pattern will break upwards when large wallets are accumulating, while retail is dumping. This has historically been a very reliable pattern to signal the start of bull cycles.
