Stunning $3.28 Billion in Bitcoin in Past 7 Days – Something’s Cooking?
The post Stunning $3.28 Billion in Bitcoin in Past 7 Days – Something’s Cooking? appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. As Bitcoin has been scoring one all-time high after another in the last few days, whales have been transferring massive amounts of BTC. By now, this cumulative stash has reached more than $3 billion worth of Bitcoin. Related Whales grab $3.28 billion amid Bitcoin’s ATHs Cryptocurrency analyst and trader Ali Martinez has published a post on his X account, revealing Glassnode data about the most recent acquisitions of BTC whales. The chart that he shared shows a drastic plunge in the Bitcoin supply on centralized exchanges (CEXes), starting on Nov. 5. Martinez summarized this data by saying that over the past week, large whales have withdrawn a total of 40,000 BTC, which is equal to a whopping $3.28 billion. Last week, the world’s flagship cryptocurrency, Bitcoin, surpassed the $75,000, then soaring to the $77,252 price mark. Today, BTC skyrocketed to $82,490. Over the weekend, BTC soared by 6.2%, jumping from $77,320 to a new historic peak above $82,000. At the time of this writing, the pioneer cryptocurrency is changing hands at $82,355. The Bitcoin rally has recently been fueled by the radical change in the U.S. government, as well as by the 25-basis-points interest rate cut initiated by the Fed Reserve. Related CZ issues warning related to Bitcoin ATHs The founder and former chief executive of Binance,…
Filed under: News - @ November 13, 2024 2:22 am