The Bitcoin whale is currently accumulating, but despite the ongoing accumulation, a substantial amount of BTC continues to flow into various exchanges.
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On the daily chart, Bitcoin has experienced a significant decline compared to the previous week's surge. Bitcoin dropped to a low of $40,200 on December 11, marking a roughly 10% decrease from the peak of $44,600 before rebounding to $42,200 at the current moment.
Although signals of a downturn are observed in the converging Moving Average Convergence Divergence (MACD) indicator, overall sentiment remains bullish. The Relative Strength Index (RSI) is below 60, indicating a slowdown in the upward momentum, but the market, as a whole, is still in a strong upward trend.
Bitcoin whales have responded with conflicting sentiments amidst recent price fluctuations. Despite the general increase in whale addresses, the latest exchange flow data tells a contrasting story.
