20,000+ Bitcoin Bought in Just Two Days – Whales Expecting New ATH?
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20,000 BTC absorbed by whales BlackRock buys $480.62 million in BTC According to a post published by cryptocurrency analyst and trader Ali Martinez, Bitcoin whales have accumulated more than 20,000 BTC in less than a week, increasing their bet on the world’s largest cryptocurrency. You Might Also Like 20,000 BTC absorbed by whales Martinez shared a chart by Santiment, showing that during the past two days, whale holders of 100-1,000 BTC have purchased more than 20,000 BTC. This amount of Bitcoin is valued at $2,106,678,000 in fiat at the moment. During this period, the flagship digital currency has lost close to 4%, falling from the $108,900 zone to the $105,000 price level. The aforementioned Bitcoin holders took advantage of that price decline to increase their Bitcoin stashes. Analysts believe that Bitcoin is likely to reach a new all-time high this year. Michael van de Poppe reckons that BTC has lost a critical level of support, but it will hardly face a severe price decline. If Bitcoin manages to reclaim $106,500-107,000, he believes, then this “would be the party trigger sign for new all-time highs.” As U.Today reported earlier, the founder and CEO of Galaxy Digital, Mike Novogratz, said that he expects Bitcoin to reach $130,000 or higher by the end of the year. Tim Draper sees BTC hitting $250,000 within the same time frame. You Might Also Like BlackRock buys $480.62 million in BTC According to an X post published by the analytics account Lookonchain, on May 29, spot Bitcoin ETFs have experienced a total net flow of $430.25 million worth of BTC. The largest Bitcoin chunk was absorbed by BlackRock’s IBIT — 4,476 BTC valued at $480.62 million. Currently, this ETF holds 663,773 Bitcoin in total — that is worth $71.27 billion. There were two other ETFs that welcomed…
Filed under: News - @ May 31, 2025 5:27 pm