Bitcoin price analysis as whales buy $240 million BTC in a week
Bitcoin (BTC) highly capitalized investors known as “whales” are showing growing optimism at current prices, buying and accumulating the cryptocurrency. These whales accumulated nearly $240 million worth of Bitcoin this week, signaling a bullish bias to BTC price moving forward. Most recently, a new Bitcoin wallet address withdrew 533.5 BTC from Binance, worth $31 million, according to SpotOnChain ‘s post. This investor moved the likely purchased assets at an average price of $58,188 per BTC after a notable crash. Bitcoin whale ‘bcq1qdvajn9…’ portfolio. Source: SpotOnChain In this context, SpotOnChain reported that other “fresh whales” have shown a similar accumulation behavior this week. “Fresh whales” are recently created addresses, previously with zero balance, who suddenly received large amounts. Picks for you ...