Bitcoin Whales Accumulate 47,584 BTC in December After Two-Month Selloff

Wallets holding between 10 and 10,000 BTC accumulated 47,584 BTC in early December, reversing a two-month selloff of 113,070 BTC between October 12 and November 30, data show. The accumulation has stabilized price action. However, continued retail buying may limit upside momentum compared to previous accumulation-driven rallies when retail sold while whales accumulated.