Bitcoin Whales Acquire 47,000 BTC in a Single Day: A Strategic Buy-the-Dip Move
Release: 2024/05/04 06:49 Reading: 604
Bitcoin Whales Accumulate 47,000 BTC Amid Market Dip
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Bitcoin Whales Accumulate 47,000 BTC Amid Market Dip
Bitcoin whales have reportedly purchased 47,000 BTC within a 24-hour period following a significant market dip.
The data, provided by CryptoQuant CEO Ki Young Ju, indicates a significant increase in Bitcoin holdings among large-scale investors.
Despite the market volatility, these Bitcoin whales appear to be taking advantage of the dip to increase their holdings.
Whales Capitalize on Bitcoin Dip
As per the data shared by CryptoQuant CEO Ki Young Ju, active Bitcoin whale addresses, defined as addresses owning at least 100 BTC and having engaged in on-chain activity within the past day, accumulated a significant amount of Bitcoin following the market's recent dip. This accumulation excludes centralized exchanges and Bitcoin miners but includes certain Bitcoin custodians such as Bitcoin ETF providers.
Not ETF Related
Despite the approval of Bitcoin spot ETFs in the United State... Read the full article for FREE at COINOTAG!
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