The accumulation, reported by CoinDesk, points to heavy buying by large holders as Bitcoin market participants watch whether concentrated demand supports prices.
Bitcoin whales accumulated more than 270,000 BTC worth $16.7 billion over the past two weeks, CoinDesk reported. The buying suggests large holders were actively adding to positions during the period, a pattern traders often track for clues about market conviction because whale activity can influence liquidity and short-term price direction.