🐋 Whales have bought up a huge amount of $BTC

In just the first eight days of December, large wallets bought an additional 47,000 $BTC. The market is in an active accumulation phase, which is not typical for the potential bearish trend that many are raising. While we don't have a certain stability in the sideways movement and the potential for a correction remains, in percentage terms, we are heavily biased toward a normalization of the situation.

💰 Strategy also made another purchase of $BTC.

Despite the fact that the pace of this company's purchases has significantly slowed this year, it still continues to gradually accumulate the asset.

They recently purchased 10,624 BTC for ~$962.7M, at an average price of $90,615 per coin. The firm's cryptocurrency reserves have reached 660,624 BTC—approximately $59.5B. Since August 2020, Strategy has spent a total of approximately $49.35B on digital gold acquisitions.

For now, the market is frozen in anticipation of the December 10 rate decision and Powell's speech, which will carry even more weight than the rate change data itself.