Currently the price of BTC has exceeded above $65k. while the ATH of $68.8 was reached in Nov 2021.
Institutional accumulation has become increasingly large, especially since the beginning of 2024, so that the price of Bitcoin has increased by up to 42%. So basically this increase was caused by an increase in whales' Bitcoin ownership. Whales always transact in large amounts or thousands of Bitcoin coins so that they greatly influence the price, or there is stronger buying pressure as the main driving factor for the bullish trend. However, as a Bitcoin investor, you also have to be alert if a Bitcoin price correction occurs, especially when large purchases subside and there is a selling impulse that might occur after the Bitcoin halving.
Institutional accumulation has become increasingly large, especially since the beginning of 2024, so that the price of Bitcoin has increased by up to 42%. So basically this increase was caused by an increase in whales' Bitcoin ownership. Whales always transact in large amounts or thousands of Bitcoin coins so that they greatly influence the price, or there is stronger buying pressure as the main driving factor for the bullish trend. However, as a Bitcoin investor, you also have to be alert if a Bitcoin price correction occurs, especially when large purchases subside and there is a selling impulse that might occur after the Bitcoin halving.
