Bitcoin Whales Defy Volatility, Quietly Accumulate BTC at 17% Discount

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Illustration of the U.S. Capitol building emerging from turbulent ocean waves filled with legislative papers labeled Amendment 100, 46, 23, and 7.

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Bitcoin (BTC) whales (accounts holding between 1,000 and 10,000 BTC) have been consistently accumulating the cryptocurrency since late May. This period of accumulation began in early May, when prices were around  $80,000, and has continued even as prices declined 17.25% to a current $66,256. Whales load up on Bitcoin despite market swings  Unlike previous months, …

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