Bitcoin Whales Accumulate $23B in Just 30 Days โ€” What's Happening Behind the Scenes? ๐Ÿ’ฐ

Major Bitcoin whales have transferred nearly $23 billion to long-term holdings over the past month, hinting at significant market activity. Discover what this means for investors and the crypto market!

Bitcoin Whales Accumulate $23B in Just 30 Days โ€” What's Happening Behind the Scenes? ๐Ÿ’ฐ
Benzinga
584 views โ€ข Aug 7, 2024
Bitcoin Whales Accumulate $23B in Just 30 Days โ€” What's Happening Behind the Scenes? ๐Ÿ’ฐ

About this video

Bitcoin whales have moved nearly $23 billion worth of BTC to โ€œpermanent holder addressesโ€ in the last 30 days, observed Ki Young Ju, the founder, and CEO of CryptoQuant. He added that this recent spike in demand for Bitcoin among long-term holders is a sign of BTC being in an โ€œaccumulation phase.โ€

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584

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0:45

Published

Aug 7, 2024

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