Hidden Bitcoin Agenda? CryptoQuant CEO Weighs In On Ongoing Rise In BTC Accumulation
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Bitcoin has seen a notable increase in whale accumulation, with addresses holding 100+ BTC rising from 15,913 to 16,006 during a recent correction. CryptoQuant CEO Ki Young Ju highlights that 404,448 BTC were moved to permanent holder wallets in the last 30 days. This signals a strategic buildup by influential players possibly involving major financial entities or even governments. Ju suggests that within a year, the public might learn about substantial Bitcoin acquisitions by traditional financial institutions or state actors.
This accumulation could be a move to secure a substantial stake in Bitcoin in response to broader economic shifts. Distractions such as the German government's BTC sale and the U.S. government's disposal of Bitcoin related to the Mt. Gox situation may have diverted retail investors' attention from this significant accumulation. These developments hint that major announcements regarding Bitcoin acquisitions could be forthcoming, potentially revealing the strategic moves of these large institutional actors.
Source: www.newsbtc.com ↗
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