Quick Take

Whales have been active over the weekend, continuing their aggressive Bitcoin accumulation.
Approximately $250 million worth of Bitcoin has been pulled from exchanges on Friday and Saturday.
Aggressive buying comes in the wake of the news of regulators making a last-ditch attempt to rescue First Republic Bank.
First Republic Bank is now the fifth bank to fail in the past fifty days; the other banks include;
Silicon Valley Bank.
Silvergate Bank.
Signature Bank.
Credit Suisse.
First Republic Bank.
exchange netflow: (Source: Glassnode)

The post Bitcoin whales show no signs of slowing down accumulation, even over the weekend appeared first on CryptoSlate.

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Filed under: Bitcoin - @ May 1, 2023 10:00 am