Bitcoin Whale Activity: Accumulation Near $78,000 and Distribution at $82,000

Bitcoin whales have been actively accumulating and distributing BTC over the past 20 days, according to CryptoQuant contributor Woominkyu. During this period, BTC was traded near $78,000, prompting whales to accumulate. As the price rebounded toward $82,000, these whales began distributing their holdings. On May 18, a significant movement of 8,063 BTC to exchanges was observed, resulting in an increase in total exchange holdings from 2.677 million to 2.696 million BTC, according to NS3.AI.