Bitcoin Whales Are Waking Up: Massive Accumulation Signals Incoming Volatility

According to Swissblock, the Bitcoin market just experienced a major shift in sentiment — and it could be the calm before a major storm.

Bitcoin whales appear to be engaging in massive accumulation, signaling that the cryptocurrency could be poised for increased volatility in the coming days.

According to data shared by Swissblock, the sentiment in the Bitcoin market has shifted significantly.

Miners and short-term holders are showing some minor distribution, while whales and long-term holders are scooping up coins at a rapid pace.

Exchanges, meanwhile, are seeing huge outflows, which is a historical bullish sign.

This is the calm before the storm. 🌪️

Massive net position change on-chain.

Miners and short-term holders are showing minor distribution, while whales and long-term holders are massively accumulating.

Exchanges are also massively reducing their BTC holdings.https://t.co/4qmP7sW92q pic.twitter.com/x8I1M73r46

— Swissblock (@swiss_block) August 10, 2023

Swissblock summed it up perfectly: “This is the calm before the storm.”

With this level of accumulation and exchange liquidity drying up, Bitcoin may be setting the stage for its next explosive move.

Liquidity Rebounds: Is Bitcoin’s Next Expansion Phase About to Begin?

Swissblock summed it up perfectly: “This is the calm before the storm.”

With this level of accumulation and exchange liquidity drying up, Bitcoin may be setting the stage for its next explosive move.