Bitcoin

Read

<div class="code-block-grte code-block-grte-8" style="margin: 8px auto 8px 0; text-align: left; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Before you reading,<br><span style="color: #e67e22;">Don't miss coins like PEPE again! Click here to find new PEPEs!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<ul> 
 <li>Recent fluctuations in Bitcoin prices have created a “buying at the bottom” opportunity for whales (large investors). Over the past 24 hours, whales have accumulated a significant amount of Bitcoin, around 47,000 BTC (approximately $2.8 billion).</li> 
 <li>This situation, according to CryptoQuant CEO Ki Young Ju, signals the “beginning of a new era” for Bitcoin.</li> 
 <li>Whales’ increased confidence and buying strategies indicate growing faith in Bitcoin’s future among institutional investors and high net worth individuals.</li> 
</ul> 
<p><strong>Bitcoin whales accumulate significant amounts amidst market fluctuations, signaling a new era for the cryptocurrency. This article explores the implications of this development for Bitcoin’s future.</strong></p> 
<h2 id="strong-increasing-confidence-and-buying-strategies-of-whales-strong"><strong>Increasing Confidence and Buying Strategies of Whales</strong></h2> 
<p>Whales accumulating BTC demonstrates growing confidence in Bitcoin’s future among institutional investors and high net worth individuals. CryptoQuant founder Ju explains that most of these accumulations occur in “custodial” wallets that mostly include ETFs, but the recent increase is not directly related to ETFs. To learn more about whales’ buying strategies, it’s important to pay attention to two key points:</p> 
<h3 id="strong-long-term-whales-strong"><strong>Long-term Whales</strong></h3> 
<p>A week ago, it was observed that long-term Bitcoin whales had experienced a significant increase in their actual profits as the price remained above $60,000. Despite increasing their profits, these whales had not sold their positions, demonstrating their long-term attitude and faith in Bitcoin.</p>
<div class="code-block-grte code-block-grte-10" style="margin: 8px auto 8px 0; text-align: left; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;... <a href=" https: en.coinotag.com institutional-investors-and-whales-rush-for-bitcoin-btc-a-competitive-buying-spree ">Read the full article for FREE at COINOTAG!</span></strong></a></td>
   </tr>
  </tbody>
 </table>
</div>

Institutional Investors and Whales Rush for Bitcoin (BTC): A Competitive Buying Spree

Table of Contents

COINOTAG NEWS

Outros artigos publicados em 4 de mai. de 2024

Cardano’s latest buy signal – Why it could mean a relief rally for ADA’s price

Shiba Inu Soars 12% With SHIB Burns Printing 4-Digit Rise: Details

Jack Dorsey Donates $21M to Non-profit OpenSats for Bitcoin Development

ChatGPT Forecasts XRP Price for May 31, 2024

Peter Brandt Predicts Bitcoin’s Bright Future

Microsoft will invest $1.7 billion in Indonesia’s cloud and AI infrastructure

Join our free newsletter for daily crypto updates!