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.
From a source I followed that monitors some whales transactions, a lot of increasing Bitcoin transactions has been going on lately, Bitcoin moving from exchanges to wallets and USDT moving from wallet to exchanges, signaling Buying presure, even from what I can read from the chart, you can tell that there's massive accumulation going on and not only now but over the past few months after Halving, but seem what we are seeing now is whales trying to take their last positions in the market before the final ride.