Bitcoin Whales Go On Buying Spree As Price Dips, Here’s How Much They Bought
Summary
Bitcoin whales are accumulating more BTC despite recent price action. 46 new entities now hold 1,000 BTC or more, a 3% increase in two weeks. Analyst Ali Martinez suggests that price corrections for Bitcoin have historically been followed by further upside gains in bull markets. BlackRock holds over 44,000 BTC for their Bitcoin ETF. BTC's bullish momentum is expected to continue until around 2025. Grayscale has offloaded a significant portion of its BTC holdings due to outflows from its Spot Bitcoin ETF. Bitcoin is currently trading at around $39,000.
