Whales move over 28,000 BTC into accumulation addresses
CryptoQuant reported that over 28,000 BTC have moved into accumulation addresses. These addresses are usually used by OTC trading desks, institutional investors, and long-term holders, often called whales. Accumulation addresses are not tied to exchanges, showing that Bitcoin is being taken off the market instead of being readied for sale. Big Bitcoin transfers indicate that major investors are buying for the long haul. This activity usually involves OTC deals, meaning