Hey, my people! Get comfortable and pay attention because things got exciting in the crypto world! Remember those 'whales' that have money in Bitcoin? Well, this week, they revealed the data and things heated up. 🥵 It turns out their activity was the key to Bitcoin's price skyrocketing, reaching historic highs for three consecutive days! 🔥
It's no fairy tale, these whales, who are the biggest investors, stayed still at the beginning of the week, as if they were waiting for the perfect moment. And suddenly, bam!, starting Wednesday, they began to move their millions. The most interesting thing is that they not only pulled a lot of Bitcoin from the exchanges but also put in a lot of 'green bills' (stablecoins), which is a clear signal that they were going to buy. 🤑
But here comes the part that left us all speechless: the biggest force behind this surge wasn't the individual whales, but those from Wall Street. Yes, the big investment funds! According to the data, they poured a whopping $2.717 billion into Bitcoin ETFs, a new record! 🤯 BlackRock's fund, IBIT, took the largest share of the pie, with almost a billion dollars in a single day. Now that's a capital injection!
Now, things are on pause. After the party, the whales have calmed down, but it is expected that next week, when Wall Street reactivates, the show will continue. We need to stay alert because if the big players keep buying, it's very likely that $120k won't take long to arrive. 🚀 So, let's keep track of these giants, as their movements give us clues about where the market is headed. $BTC
