I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.
According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.
Will it not be best to post this in Bitcoin Discussion instead of the service board?
My simply opinion is that whenever the whales are buying, the best we can do is to follow them and not go against them. So we can as well be buying aggressively as they are doing because the signs are getting clearer than a bull run is upon us. If from this point price gets to 100k, then the current price region of 69k will serve a strong support.