The smart money are accumulating

I’ve found this Glassnode data over the last couple of weeks and it is showing that the market trend is changing.

The number of wallets holding 100+ BTC is steadily climbing, but the real story is in the mid-to-large tier. Wallets holding between 10 and 10,000 BTC have accumulated roughly 41,000 BTC in just the last fourteen days. That is a massive amount of supply being pulled off the market in a very short window.

What makes this timing interesting is that we got back above the $78,100 level. This is the first time we’ve cleared that specific level since January, and seeing whales buy the breakout suggests they don't think this is just a fakeout. When the big players accumulate during a reclaim of a major mean, it usually signals that the local bottom is in and they’re positioning for the next leg up.