Past record spikes in Bitcoin accumulation preceded major rallies, including a 900% surge in 2012 and a 350% rise in 2011.
Bitcoin (BTC) is down 30% from its $126,200 peak, trading just above the $85,000 support and fueling concerns of a deeper pullback toward the $70,000 region. Still, onchain data showed institutions and high-net-worth individuals were accumulating BTC.
Key takeaways:
Bitcoin sharks accumulated aggressively at 2012-level speeds, signaling a dip-buying trend.
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