Whales control +40% of the supply

The continuous accumulation by these whales suggests a favorable view of current market conditions, indicating their belief in Bitcoin’s long-term potential. While the broader market expressed concerns about Bitcoin’s price struggles, the whales saw an opportunity to increase their holdings. This strategic accumulation underscores their confidence in BTC’s future value.

The disastrous consequences of this accumulation!

The concentration of Bitcoin supply in the hands of whales could lead to greater resistance to market shocks, but it could also result in price manipulation and increased volatility! With the growing open interest, combined with the significant holdings of BTC whales, it suggests that the market could experience increased volatility in the near future. Price fluctuations could be more pronounced, as leveraged positions are more sensitive to market movements.