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.
Whale's have already forecasted a time like this which is why they started their Bitcoin accumulations way back when the price was still very low and at a discounted price, because at most their control the market and without such a bag load of Bitcoin, their control over the market may be very minimal and for that their lose their control eventually.
But whale's are same as the big trader's, their know how to manipulate and read the market smartly and for that, they will always be at a better position compared to everyone else in the market.