Bitcoin Whales Accumulate $11B Amid Market Recovery
According to blockchain analytics firm Glassnode, Bitcoin whales—wallets holding over 10,000 BTC—have accumulated over 129,000 BTC, worth $11.2 billion, since March 11. This marks the highest accumulation rate since August 2024, suggesting strong belief in Bitcoin’s long-term potential. The move comes even as technical signals and macroeconomic headwinds raise questions