Bitcoin whales are doing something interesting.
While ETF flows have been weak and sentiment has cooled, large holders have reportedly accumulated billions in BTC over the past few weeks.
The market is seeing a clear split:
Retail is getting cautious.
Whales are buying.
That doesn’t guarantee a move higher, but historically, some of Bitcoin’s strongest recoveries have started when long-term holders step in while everyone else is losing confidence.
The question is:
Are whales early…
or are they catching a falling knife?
