Bitcoin ETF

Bitcoin

Arkham

Spot

<div class="cryptonews">
 <p class="is-style-lead">The whale accumulated the assets in just 30 days, according to data from Arkham Intelligence.</p>
 <p>The <a rel="noopener noreferrer nofollow" title="address" href="https://thebittimes.com/tag/address.html">address</a> was created on Nov. 1, 2023 and since then it has received Bitcoin every day from different <a rel="noopener noreferrer nofollow" title="address" href="https://thebittimes.com/tag/address.html">address</a>es in large quantities. The first sender was a wallet associated with the BitMEX exchange.</p>
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   <img decoding="async" width="1024" height="540" src="https://cdn.thebittimes.com/images/2023/12/01/8dc931441d02a908466dde63961cd07c.webp" alt="An unidentified address accumulates over 12k BTC in a month - 1"> 
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   Source: Arkham Intelligence
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 <p>The active accumulation of Bitcoin by one <a rel="noopener noreferrer nofollow" title="address" href="https://thebittimes.com/tag/address.html">address</a> quickly attracted the attention of the community. Taking to X, Wealth Mastery founder Lark Davis speculated institutional investors may be trying to “get ahead” of the approval of a BTC-based spot ETF.</p>
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    <p lang="en" dir="ltr">A mystery whale has been accumulating large amounts of $BTC recently.<br><br>Over the last 4 weeks, they have accumulated 10.3K $BTC.<br><br>Seems like Institutional investors are trying to front-run the Spot Bitcoin ETF approval. pic.twitter.com/cTlSMIzSAK</p>— Lark Davis (@TheCryptoLark) November 30, 2023
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 <p>The topic of a mysterious wallet with a huge amount in its account has reached Reddit, with users pointing out an alleged connection to BitMEX.</p>
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 <p>According to Henley &amp; Partners, as of 2023, there are 6 Bitcoin billionaires in the world and 22 crypto billionaires whose assets are distributed across different cryptocurrencies.</p>
 <p>Analysts also <a rel="noopener noreferrer nofollow" title="identified" href="https://thebittimes.com/tag/identified.html">identified</a> 88,200 people who own digital assets worth more than $1 million. According to the study, the total market capitalization of crypto stands at $1.18 trillion. At the same time, more than 425 million users have savings in cryptocurrencies.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/an-unidentified-address-accumulates-over-12k-btc-in-a-month-tbt72301.html">https://thebittimes.com/an-unidentified-address-accumulates-over-12k-btc-in-a-month-tbt72301.html</a></p>

An unidentified address accumulates over 12k BTC in a month

TheBitTimes

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