Whale Accumulates 69.4 BTC Since June 25, Bullish on Bitcoin as AI Stocks Face Pullback

BTC0.66%

According to on-chain analyst Ai Yi, a whale has taken four consecutive long positions since June 25, most recently opening a 69.4 BTC long position on July 18. The analyst noted the whale views this as a medium to long-term strategy based on expectations that Bitcoin will enter a new uptrend.

The whale is simultaneously bearish on U.S. AI and technology stocks, anticipating a significant pullback in the sector. The analyst acknowledged that the whale may adjust its strategy during the position's holding period.

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