Bitcoin reversal signals: whales accumulate near 3M BTC as demand recovers
- —Whales have accumulated about 3 million BTC
- —Bitcoin exchange reserves remain low
- —Transaction fees make up 0.64% of miner revenue
- —Electricity cost per BTC: $86,700 on S19 vs $44,300 on S21
Why it matters: Whale accumulation and low exchange reserves reduce sell pressure, but an unconfirmed bottom keeps the risk of another pullback alive.
Source: Coin Türk
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