How can large whale accumulation during bullish phases provide support for Bitcoin prices?
Why is this the correct answer?
This answer is correct because when large holders, or whales, accumulate Bitcoin, they remove coins from the circulating supply. A lower supply against steady or rising demand creates upward price pressure and helps establish support levels. Also, knowing whales are holding rather than selling can reassure smaller investors, reducing panic-driven sell-offs, and thus helps stabilize prices during bullish runs.
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