CandleFocus

Bitcoin Whales Picking Up Steam as ETFs Attract Nearly $250 Million Worth of Inflows

Bitcoin Whales Picking Up Steam as ETFs Attract Nearly $250 Million Worth of Inflows
Bitcoin is experiencing an increase in whale activity, which has historically been correlated with bullish cycles in the cryptocurrency market. Despite a 2.5% dip in price, various Bitcoin ETFs attracted $248 million in net flows, indicating strong institutional demand. However, the market is expected to remain range-bound until there is more clarity on the Federal Reserve's interest rate decision.

Related News