The simple answer to this question is no, whales are not buying Bitcoin. However, there are a few things to unpack in order to understand why this is the case.
Whales, or large investors, typically shy away from Bitcoin because it is such a volatile asset. Its price can swing wildly from day to day, and even hour to hour.
This makes it a risky investment, one that most whales are not willing to take on.
Another reason whales may be avoiding Bitcoin is because they prefer to invest in assets that they can easily liquidate. Bitcoin is not as liquid as other assets such as stocks or gold.
This means that if a whale wants to sell their Bitcoin holdings, they may have to wait longer for buyers and take a lower price than they would like.
So, while we cannot say for certain why whales are not buying Bitcoin, it is likely due to its volatility and lack of liquidity.