 
 
In a significant move reflective of renewed bullish sentiment, Bitcoin whales have acquired a staggering 71,000 BTC worth around $4.2 billion over the past week.
According to a Saturday tweet from crypto analytics firm IntoTheBlock, large holders of Bitcoin capitalized on the recent price corrections to bolster their positions significantly.
This surge in accumulation follows a period of volatility that saw Bitcoin’s price dip to $53,800 on July 6th, only to rebound in the past week swiftly.
Notably, the timing of these whale purchases aligns with recent market developments and expert analyses predicting the onset of a new bullish cycle for Bitcoin. On Sunday, analyst Michael van de Poppe, founder of MN Trading, pointed to Bitcoin’s resilience and its potential role as a hedge against global uncertainties, suggesting that the top crypto asset could be starting…
