From the look of things, it seems like the cryptomarket is gradually getting back to how it was before the vast dip that happened last weekend as Bitcoin begins to bounce back high.
It turns out the Whales bought more than $4.5B worth of Bitcoin over the last ten days. Altcoins have also made incredible gains; it looks like Altcoin season is already here, and it's probably going to happen through the rest of 2021.
Bitcoin has replicated the heads and shoulders pattern and has also shaken off its bearish narrative. It even looks like a bullish reversal is happening for Bitcoin. Everything relating to Bitcoin is at an all-time high right now.
A lot of money has been flowing into Bitcoin lately because of the Whales; for the past ten days, about 130 new Whale BTC addresses have been created, with 13 addresses each day buying a minimum of 1000 bitcoins and even more than!. These Whales have spent a minimum of $4.5B buying BTC at the rate of $35,000 (USD) approximately.
These Whales spending millions of dollars on BTC are not gunning for a 10% gain; they're not going to sell at a 5% or 10% dip either. They have a long-term strategic plan which is targeted at removing BTC from the market. They are not going to sell until it is probably worth hundreds of thousands of dollars or even more per coin.
Altcoins are also in the spotlight; they are pumping like crazy and are ready to continue. A lot of money is flooding the market, and that money is not only going into Bitcoin; it is being spread
Stable coins are also flooding exchanges, this is a good sign, and it being that a big pump is on its way.
Bitcoin is also flooding into the heavy altcoin exchanges like Coinbase, Binance, etc., matter of fact, this money most likely going to roll into altcoins also.
Ethereum is currently leading in the altcoin race, and it turns out that the Whales are gobbling Ethereum up. In reference to the chart above, the insane accumulation of huge ETH account holders that have happened over the past few days is highlighted. The yellow line in the chart also emphasizes the increase in Ethereum accounts with 10,000 worth of Ethereum.
Chainlink, stablecoin's favorite, is being accumulated massively. Polkadot is beginning to trend upwards, and so much hype is being built around it.
