Whale Buying Activity Supports $65K Bitcoin Price

Bitcoin whales have been adding to their stash of BTC in recent times. According to data, they have collectively acquired 46,420 BTC since [no specific date mentioned]. This development has sparked questions about whether this buying activity can help sustain the current price levels around $65K.

The total long-term holders (LTH) supply has been falling, which could be a contributing factor to the increased demand from whales. However, some experts might argue that this trend is not necessarily a bullish sign for the market as a whole.

While it's difficult to predict the future of Bitcoin's price movements, the buying activity from whales does suggest that there are still investors who believe in the cryptocurrency's potential for growth.