Opinion: In the past half month, a group of Bitcoin whale of over 10,000 BTC have accumulated a total of 68,030 BTC.

According to Mars Finance, on November 21st, analyst Murphy reported that from November 4th to November 20th, the main distribution force among whales came from groups holding less than 100 BTC. For example, wallets holding 10-100 BTC reduced their holdings by a total of 24,911 BTC. The main accumulation force came from the largest group, the super whales holding 10k-100k BTC, who added a total of 68,030 BTC. This group had been continuously reducing their holdings since reaching its peak in July last year, until mid-October this year when BTC fell below $106,000, at which point they resumed accumulating. The whales' actions indicate that they believe the current BTC price offers some value. However, their accumulation may not immediately support the secondary market price. Historically, whale behavior is often a process, not always buying at the lowest point and selling at the highest. But over a longer period, they are rarely trapped in a losing position.