Bitcoin Retail Wallets Drop to 5-Month Low as Whales Scoop Up $3.8B in BTC

Bitcoin retail wallets have fallen to a five-month low as small investors withdraw, while large investors, or whales, have accumulated $3.8 billion in BTC, indicating confidence in the market. Despite a decline in public interest and engagement from retail buyers, historical data suggests a potential rally could be on the horizon. Analysts note that periods of low activity often precede significant price movements, hinting that Bitcoin may be gearing up for another surge.

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