Large-scale Bitcoin whales transactions signal a bottom.

Following Russia’s invasion of Ukraine on Thursday, Bitcoin (BTC) fell below the $35,000 mark.

Since then, however, the cryptocurrency has risen significantly, and it is presently trading around the $39,000 mark.

As Bitcoin prices bottomed out at 34.7k with Thursday’s war news, whales have made some MASSIVE transactions.

This has been the largest amount of both 100k+ and 1m+ BTC transactions since Jan. 24th, when prices jumped +15% the week following.