Summary
TLDR: Bitcoin’s recent price recovery is not being driven by large investors (whales), according to onchain data. This suggests that the current price increase may not be sustainable in the long term.
Key Points
1. Bitcoin price recovery is currently lacking significant participation from large holders, known as whales, according to onchain data analysis.
2. This lack of whale involvement suggests that the recent price increase may not be sustainable in the long term.
3. Investors should closely monitor whale activity and market trends to gain a better understanding of potential price movements in the cryptocurrency market.