Bitcoin whales, or large holders, have ramped up their accumulation of the cryptocurrency, with their holdings growing by 2% in just three days from January 14 to January 17. This marks the highest monthly growth rate since mid-December. The increase follows a period of profit-taking and a lull in early January. Key players like MicroStrategy and KULR have been actively buying, reducing selling pressure significantly. Despite this, retail spot demand for bitcoin has cooled, with apparent demand dropping from 279K Bitcoin in early December 2024 to 75K Bitcoin today. However, the behavior of long-term holders suggests a potential stabilization point before the next price movement.
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