CandleFocus Whales Continue to Accumulate Bitcoin, 1,910 $BTC Withdrawn in 24 Hours
2024-11-08
Author: Content Editor
Following Donald Trump's victory and the resulting all-time high for Bitcoin, whales (big investors) are increasing their Bitcoin holdings. Over the past 24 hours, 10 new wallets have withdrawn a total of 1,910 BTC (worth approximately $145 million) from Binance, a major digital currency trading platform. This trend suggests that whales are stockpiling Bitcoin in anticipation of future price hikes, reducing the supply on exchanges and increasing demand. Analysts believe that this behavior demonstrates confidence in the future of Bitcoin. As the number of coins available on exchanges decreases, some predict that scarcity will drive up the price of Bitcoin.
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