Bitcoin Whales Reap $3 Billion Amidst FUD and

Market Volatility

Bitcoin whales, the heavyweights of the crypto world, have been making waves. The Whales have accumulated a staggering $3 billion worth of Bitcoin in January. In a tumultuous period marked by Fear, Uncertainty, and Doubt (FUD), they have emerged as formidable players. They are navigating the storm with finesse.

Data from on-chain analytics firm IntoTheBlock reveals a notable accumulation trend among Bitcoin whales. Wallets holding over 1,000 BTC have grown by approximately 76,000 BTC, now collectively housing about 7.8 million BTC. This accumulation comes after the introduction of spot exchange-traded funds (ETFs). In the United States, propelling BTC prices to heights exceeding $48,900.

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