Bitcoin Whales Accumulate $200M in 3 Days, Signaling Bullish Trend

In the past 24 hours, significant movements in the Bitcoin market have been observed, with notable transactions involving large whales. According to OnchainDataNerd, a prominent whale, identified as bc1q0, withdrew a substantial amount of 600 BTC, valued at approximately $51.5 million, from the Binance exchange. This transaction is part of a broader trend, as whales have collectively purchased 2,100 BTC, worth around $178.21 million, over the past three days at an average price of $84,860.

Another significant withdrawal involved the address 3PRHV, which took out 73.44 BTC, valued at about $6.25 million, at an entry price of $85,188. Additionally, Galaxy_Digital completed a withdrawal of 657 BTC, worth approximately $61.58 million, while user 377Cr took out 332 BTC, valued at around $31.25 million. These activities suggest a strategic accumulation phase among major Bitcoin holders, potentially indicating a bullish sentiment in the market.