CandleFocus

Bitcoin Whales Resurface: $90B Transferred in Major Post-Election Moves

Bitcoin whales have transferred over $90 billion in BTC in transactions of $100k or more, marking the highest numbers in the last six months. This increase in big Bitcoin transfers indicates an active market and confident investors. Analysts attribute this movement to renewed interest in cryptocurrency and hope following the election. The "Realized Cap" for Bitcoin, which calculates the actual worth possessed by investors based on the last trading price of every BTC, has peaked at $656 billion. BTC ETFs have also seen record-breaking net inflows of $1.38 billion after the election, suggesting institutional investors are more willing to support Bitcoin ETFs in hopes of higher gains. The election has generated significant activity and excitement in the BTC market.

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