From Investing.com: 2024-06-01 17:00:20

New Mega Whales Inject $100 Billion into Bitcoin Market in 2024, signaling increased confidence in BTC’s long-term potential. The influx of high-net-worth individuals and institutions brings about a daily $1 billion accumulation in new whale wallets, reminiscent of patterns seen before the 2021 bull run. Analysts eye $72,000 resistance, predicting potential new all-time highs near $75,000.BTC currently trades around $67,734, showing slight decline from tight $68,000 trading range last week, nearing $66,584 on Friday. Implications of whale activity suggest bullish sentiment and heightened market interest, setting the stage for another potential rally.

Read more at Investing.com: Bitcoin (BTC) Welcomes $100 Billion Wave From New Mega Whales By U.Today