Bitcoin Whales Amass $5 Billion in BTC Amid Soaring ETF Inflows and Record Trading Volumes
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In July, large holders of Bitcoin, often referred to as 'whales,' accumulated a substantial amount of Bitcoin, totaling 84,000 Bitcoins valued at over $5 billion. This accumulation by whales represents the highest monthly increase since 2014, showing a strong confidence in the cryptocurrency.
The surge in whale activity coincides with soaring ETF inflows into Bitcoin and record trading volumes, signaling increased interest and investment in the cryptocurrency market.
This trend indicates that major investors are positioning themselves strategically, possibly in anticipation of significant market movements, further institutional adoption, or regulatory developments.
Fonte: en.coinotag.com ↗
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