Bitcoin Dips Are For Buying: BTC Sees Record-Breaking Accumulation
Summary
Bitcoin is retracing from its peak of $53,000, but whales are accumulating more. Inflows into accumulation addresses hit an all-time high of 25,300 BTC, indicating a bullish trend. Michael Saylor's statement about not selling MicroStrategy's 190,000 BTC aligns with this. Spot Bitcoin ETFs, including VanEck, WisdomTree, and Bitwise, saw record trading volumes, with VanEck's ETF experiencing a 14x increase in daily average trades. Bitcoin is currently trading at around $51,500.
