The post Whale Accumulates 600 BTC: Recent Surge in Bitcoin Investments Revealed by Lookonchain appeared on BitcoinEthereumNews.com.

According to a recent report by COINOTAG, significant movements in the crypto market have been observed as a prominent whale wallet has amassed an impressive 600 BTC, valued at approximately US$43.33 million, just two hours prior to the report on October 30. This accumulation spree is not an isolated event, as the same entity has successfully gathered a total of 2,000 BTC over the last fortnight, representing a total investment of around US$144.82 million. The conducted analysis via Lookonchain monitoring also reveals that the whale currently enjoys unrealized gains amounting to US$6.3 million. Such strategic buying activity by major holders often signals increased confidence in the Bitcoin market, reflecting a bullish sentiment that could influence overall market dynamics in the near term. Source: https://en.coinotag.com/breakingnews/whale-accumulates-600-btc-recent-surge-in-bitcoin-investments-revealed-by-lookonchain/

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Filed under: News - @ October 30, 2024 6:22 am