New Bitcoin bull run ! Whales and institutions accumulating, data shows. – Site Title

New Bitcoin bull run ! Whales and institutions accumulating, data shows. – Site Title: Whales and institutions have an immense impact on the Bitcoin price because of the sizes of their trades. One whale that sold Bitcoin at over $12,000 after holding it for two years had around 9,000 BTC. At the current market price of BTC at $11,070 that is nearly $100 million USD.
Considering the reduced risk of large sell orders, the declining appetite of whales to sell BTC is a positive factor.

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