According to Blockchain data, whales holding large amounts of Bitcoin in their wallets began to take action with the rise in price.
According to data shared by blockchain analysis firm IntoTheBlock, last week 23,400 transactions worth at least $100,000 in Bitcoin done. In these transactions such a high number since the beginning of the year It was not reachable.
Bitcoin on expectation that spot exchange-traded funds will be approved $35,000 exceeded. According to CoinGecko data, Bitcoin, currently traded at approximately $ 34,550, is in the 30-day time frame. gained 28.1% in value.
In the report shared by IntoTheBlock, “Applications for the Spot Bitcoin ETF seem to have whetted the appetite of whales and institutional investors for Bitcoin.” It was said.
According to analysts “The corporate activity seen recently may be a harbinger of what will happen in 2024.”
Bitcoin whales, BlackRock, the world’s largest asset manager After the ETF application, at the end of June They had taken action.