CandleFocus Massive New Bitcoin Whale Birthed With 1,300 BTC Shift: Details
2025-01-28
Author: Content Editor
A new Bitcoin whale has emerged after 1,300 BTC worth $133.7 million was transferred to a new wallet. This follows a trend of withdrawals from exchanges signaling a buying intent. Bitcoin surged to intraday highs of $103,368, rebounding from losses caused by fears over the overvaluation of China's AI investments. The proportion of wealth held by new Bitcoin investors has risen but is lower than previous ATH cycle highs. Digital asset investment products received $1.9 billion in inflows last week, with Bitcoin accounting for the majority. However, recent market falls led to outflows from Bitcoin and Ethereum ETFs.
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