Bitcoin whales have capitalized on the recent market correction by accumulating a substantial amount of the cryptocurrency. This development could indicate a new phase for Bitcoin, with institutional investors showing increased confidence in the digital asset.

Whale Accumulation Amid Market Correction

Bitcoin's recent drop to $56,500 has enticed Bitcoin whales to make significant purchases. As per data provided by CryptoQuant CEO Ki Young Ju, these prominent investors have amassed 47,000 BTC, valued at more than $2.8 billion based on the current market price, within the last 24 hours. This notable accumulation suggests a shift in Bitcoin's trajectory, signaling growing trust in its future from institutional investors and wealthy individuals.

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