Bitcoin whales hoard 2M BTC: Does this indicate a market bottom?

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Bitcoin whales now hold 1.97 million BTC valued at $132 billion, epresenting 9.3% of Bitcoin’s total supply.

Several other indicators also point to a potential market bottom.could hit a new all-time high by the end of Q4. After rallying over 10% in the past week and breaking the $66K resistance, optimism is high.Yet, in a surprising twist, AMBCrypto has identified a hidden pattern that could make Bitcoin more resilient to sudden swings caused by short-sellers betting against its price.New Bitcoin whale wallets now hold approximately 2 million BTC, valued at $132 billion.

This trend is particularly noteworthy as BTC approaches a key psychological level. The aggressive buying by Bitcoin whales could suggest the current price as a potential market bottom.

 

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