Santiment data shows that large investors have accumulated over 22,000 BTC (over $2.2 billion) in the last 72 hours alone.
These massive purchases are adding to the available supply shortage and easing immediate selling pressure, paving the way for a price rally.
Network Strength:
Alongside whale activity, the network is seeing a growth in daily active addresses, indicating increased interest and engagement.
According to analyst Ali Martinez, this growth in activity could fuel bullish momentum, increasing the likelihood of new highs.
However, the impact of political decisions remains a crucial factor.
Trump’s failure to mention cryptocurrencies during his speech led to an immediate price drop.
Therefore, the continuation of the uptrend may depend on how well the new administration delivers on its promises to support digital assets.
