"Bitcoin whales, which refers to individuals or entities that hold substantial amounts of Bitcoin, have been actively accumulating a staggering $23 billion worth of BTC as the market experiences a cooling period in pricing. This significant accumulation by large holders could signal various implications for the cryptocurrency market moving forward. Investors and analysts are keenly observing this trend, as it could indicate growing confidence among these major players despite short-term price fluctuations, potentially foreshadowing future price movements and market dynamics in the coming weeks and months."
source: https://blocknews.com/bitcoin-whales-accumulate-23b-worth-of-btc-as-prices-cool-here-is-what-it-could-mean-next/