As Bitcoin briefly surpassed the $28,000 mark, whales and long-term holders quickly accumulated during the weekend volatility. However, an unexpected trend in the sell-side risk ratio raises a critical question: what does this mean for Bitcoin's future and how will it impact the market's stability?
![Bitcoin touches $28,000 as whales, long-term holders ramp up accumulation](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/05/bitcoin-whale.jpg&w=70&h=37&q=75)
Bitcoin touches $28,000 as whales, long-term holders ramp up accumulation
Whales and long-term holders were unfazed by Bitcoin's weekend volatility, ramping up the accumulation they started in the second half of May.
![Bitcoin touches $28,000 as whales, long-term holders ramp up accumulation](https://cryptoslate.com/wp-content/uploads/2023/05/bitcoin-whale-768x403.jpg)
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.