CandleFocus Bitcoin Whale Accumulates $330 Million in BTC in The Past Four Days: Lookonchain
2024-11-23
Author: Content Editor
A crypto whale has accumulated 3,577 Bitcoin, worth $330 million, in the past four days, bringing their total holdings to 25,298 Bitcoin, worth $2.5 billion. Despite Bitcoin's value reaching an all-time high, big investors are not rushing to sell and are instead accumulating more Bitcoin. The number of addresses holding over 1000 Bitcoin is increasing, indicating confidence in the market and expectations of further price increases. Additionally, large investors are diversifying their portfolios, showing a strategic approach to investment beyond Bitcoin. The rise in Bitcoin's price since Trump's re-election is seen as a bullish indicator, and his embrace of virtual currencies has further boosted investor sentiment. The departure of the US SEC chairman, who was seen as anti-crypto, is also welcomed by crypto investors. Overall, the accumulation of Bitcoin by whales suggests confidence and optimism for its future bullishness.
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