Bitcoin's Current Trend Mirrors Last Year's Accumulation Phase, Analyst Says

According to PANews, CryptoQuant analyst Mignolet has indicated that Bitcoin whales have not exited the market, and the current trend resembles the accumulation phase observed between August and September of last year. The present situation is likely just a correction within an ongoing bull market cycle, despite its significant magnitude, rather than a structural crisis prompting a 'whale' level exit. Once this perceived crisis is resolved, quantitative easing policies are expected to resume. Following gold, Bitcoin is anticipated to be the next major beneficiary of this liquidity wave.