“While bitcoin ETFs have seen net inflows of $820M, bitcoin whales have seen an increase of ~$3B (76,000 BTC) so far in 2024,” IntoTheBlock said in a weekly newsletter. “Whales include any entity, individual, or fund (including the ETFs) holding over 1,000 BTC.”
The blue line represents whale activity, while the black line represents the cryptocurrency’s price. In a vote of confidence in the cryptocurrency’s long-term prospects, whales boosted their stashes as prices fell.
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- Source: https://www.fintechnews.org/bitcoin-whales-boosted-coin-stash-by-3b-in-january/
