Bitcoin whale holdings hit an all-time high

According to the data, the Bitcoin Whale currently holds about 670,000 Bitcoins, which is the highest ever. There is no doubt that this is an optimistic long-term sign. As you can see from the charts, when whale holdings are at high levels, bitcoin tends to trend sideways or mildly down in places. This accumulation phase can be described as the calm before the storm in the medium to long term. The real wave of growth in Bitcoin begins when the whales gradually reduce their holdings until the value of the percentage change in holdings becomes negative. Finally, if Bitcoin's all-time highs are not updated between the U.S. presidential election and 28 November (+/-21 days), this would indicate that there is something seriously wrong with the current bullish cycle and things are about to get ugly.