Bitcoin whales show biggest monthly buying spree since 2012

On-chain data shows that Bitcoin whales have experienced the largest buying frenzy since 2012 in the past month. They have purchased over 268,000 BTC in the past month. Analyst James Van Straten on X platform stated that Bitcoin accounts holding 100 to 1000 BTC have conducted large-scale net buying actions in the past month. The net position change of Bitcoin whales has been at a highly positive level recently.In the past 30 days, whales have net purchased approximately 268,441 BTC, currently worth nearly $18.6 billion, which is the largest accumulation amount for these holders since 2012.