Bitcoin has once again given a 4% pullback surging past $58,000 and looking forward to breaking past its crucial resistance of $59,000.
While Bitcoin has been trading flat over the last month and consolidating around $55,000, the big market fishes have been making the most of this opportunity.
Over the last month, these whale addresses have accumulated over 120,000 Bitcoins, which is 0.67% of the total supply valued at $6.9 billion.
With Bitcoin remaining under pressure amid the altcoin rally, retail investors have been skeptical of putting their money into it.