Bitcoin Whales Accumulate $2.8B in BTC in 24 Hours: Unprecedented Surge in Crypto Market
- Bitcoin’s recent market correction to a low of $56,500 has proven to be an attractive buying opportunity for high-profile investors.
- Data from CryptoQuant CEO Ki Young Ju shows that whales have accumulated 47,000 BTC, worth over $2.8 billion, in the past 24 hours.
- This significant accumulation may signal a new era for Bitcoin, indicating growing confidence among institutional investors and high-net-worth entities.
Bitcoin whales have taken advantage of the recent market correction, accumulating a significant amount of the cryptocurrency. This could signal a new era for Bitcoin, with increased confidence among institutional investors.
Whale Accumulation Amid Market Correction
Bitcoin’s recent dip to a low of $56,500 has been seen as a buying opportunity by Bitcoin whales. According to data shared by CryptoQuant CEO Ki Young Ju, these high-profile investors have accumulated a massive 47,000 BTC, worth more than $2.8 billion at the current price, over the past 24 hours. This significant accumulation is seen as the beginning of a new era for Bitcoin, indicating growing confidence in the cryptocurrency’s future trajectory among institutional investors and high-net-worth entities.
Whale Wallets and Market Impact
The whale wallets involved in this accumulation are mostly custodial ones, including ET... Read the full article for FREE at COINOTAG!
