Question #224 ·
Why are large whale Bitcoin accumulations significant for price support around $100,000?
- Large whale accumulations always indicate an imminent price crash with massive selloffs expected.
- Whale accumulations at lower prices create buying pressure, supporting and stabilizing Bitcoin’s price. Right answer
- They signal that whales want to manipulate the price down, inducing panic selling.
- Accumulative whale holdings reduce available supply, pushing price significantly above the threshold quickly.
Why is this the correct answer?
This is correct because when large holders buy significant amounts around $100,000, they reduce available supply and show confidence in that price level. Their buying acts as demand support or a price floor, preventing further declines and helping stabilize the overall market.