TagOn-Chain Data

Bitcoin Whales on a Buying Spree: Over $1 Billion Acquired in Just 5 Days

Recent on-chain data reveals a trend of aggressive accumulation of Bitcoin (BTC) by whales, with over 30,000 BTC, roughly $1 billion, purchased in just five days. Crypto analyst Ali highlighted this significant activity on Twitter, suggesting a growing interest from major investors in the cryptocurrency. The surge in Bitcoin ETF applications seems to have sparked this increased appetite, especially among institutions and Bitcoin whales. Data from IntoTheBlock, a blockchain analytics platform, supports this, showing a spike in institutional activity and large transactions over $100,000 on the...