Bitcoin Whales Are Loading BTC Again — Is a 2023-Style Mega Rally Brewing?

Bitcoin may be approaching a major turning point as large holders ease selling pressure. According to on-chain metrics provider Wealthmanager, Bitcoin whales have been accumulating. Why is this the case? Data from CryptoQuant shows whale holdings shifted from a net change of -282,000 BTC in July to -39,000 BTC, an improvement of about 243,000 BTC in less than three months. Adding another layer to the story, Vanguard, an asset management giant overseeing about $13.3 trillion, recently bought $7.5 million in shares of Metaplanet, a company known for its Bitcoin treasury strategy.