Bitcoin whales and investors show a rising bullish trend on BTC despite potential risks from macroeconomic factors. This is indicated by the latest onchain data from Glassnode showing exchanges decreasing their BTC holdings and major stakeholders increasing their absorption of BTC by over 300% of yearly issuance. Bitcoin accumulation trends from 2020 suggest that a bull run may be on the horizon. The article also discusses the current market structure of BTC and how it might lead to a potential bullish upturn by May.
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