Bitcoin Whales Accumulate $23B in Just 30 Days — What's Happening Behind the Scenes? 💰

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!

Benzinga584 views0:45

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Bitcoin whales have moved nearly $23 billion worth of BTC to “permanent holder addresses” 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 “accumulation phase.”

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584

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Published
Aug 7, 2024

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