Retail investors should be cautious because Bitcoin's millionaire-tier whale addresses may be messing with them! As $BTC rises above $48k, net realised PnL returns to positive territory, and the market absorbs those profitable spent coins. These are typically investors who have held Bitcoin for more than a year. According to Forbes analyst Oliver Renick, regulators should instead target crypto VIPs, also known as whales, who wield greater power in price manipulation.