In the world of cryptocurrency, the term “bitcoin whale” refers to an individual or entity that holds a large amount of bitcoins. A surge in the activity of these bitcoin whales often signifies important movements within the market.
It seems that there has been a significant increase in bitcoin whale activity recently. This could suggest that large holders are taking action – either increasing their holdings, selling them, or moving them in some way.
Combined with the statement about the return of confidence in the bull market, it could suggest