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.
History will definitely repeat itself, as we've got the 4-year cycle there goes the whales that will continue to accumulate. With this, it won't be amusing anymore that the whales are actually accumulating at a faster rate. They don't want to be left behind and they know more than us that this bull run is much better and will be different than the past. With the increase in the percentage of accumulation, if they're doing that then those that haven't considered accumulating yet needs to do something for themselves already so that they will be able to ride on this bull run before they feel that they've been left behind already.