Bitcoin whales accumulated more than 30,000 BTC in the past week, increasing their holdings from 4.24 million to 4.27 million BTC. This buying activity occurred as Bitcoin traded near $65,000, supported by ongoing institutional interest in spot Bitcoin ETFs. The purchases, worth around $2 billion, suggest confidence in Bitcoin's medium-term prospects. ChatGPT's price forecast, factoring in whale accumulation and ETF trends, predicts a 50% chance Bitcoin could rise to $72,000-$78,000 within a month, with a base target near $74,000, about 12% above current levels. Continued whale buying and stable ETF inflows could drive prices higher, reinforcing a bullish case for Bitcoin.
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