Bitcoin

The recent news of Exchange-Traded Fund (ETF) launches has led to a significant increase in Bitcoin accumulation among large-scale investors, known in the crypto world as &#39;whales&#39; and &#39;sharks.&#39; This trend, observed over the past fortnight, could justify further upswings in cryptocurrency value, especially for Bitcoin, as the transition into July occurs.Santiment, a notable crypto analytics firm, recently posted an interesting tweet detailing Bitcoin&#39;s accumulation trends. The tweet highlighted the recent buying activity of whale and shark addresses amidst the news of ETF launches:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/dc3b6d56581a4028930218593199d833.png" />This accumulation pattern, shared by Santiment on Twitter, indicates that these key players are confident in the future of Bitcoin, bolstering their holdings as they anticipate potential gains. The tweet suggests that such buying trends from influential stakeholders could drive the digital currency&#39;s value higher.The current price of <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> is $30,457.64, with a 24-hour trading volume of $23,407,932,305 USD. Bitcoin has experienced a 1.00% increase in price over the last 24 hours. It holds the top position in the cryptocurrency market with a market cap of $591,384,441,100 USD, representing 49.6% dominance over other cryptocurrencies.Read full article at <a href="https://cryptotale.org/bitcoin-whales-and-sharks-surge-in-accumulation-amid-etf-launch-announcements/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bitcoin Whales and Sharks Surge in Accumulation Amid ETF Launch Announcements

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