Whales have recently been accumulating heavily, driving their realized price higher.
Their realized priceis 1.56k at June, has risen to around 3k.
The reason for whales' accumulation is clear. They are accumulating in preparation for a bull market, and their realized price is their psychological Maginot Line.
They are still buying, and as long as they continue to do so, it will be difficult to break the realized price line.
Written by CW8900
