Bitcoin Whales Accumulate $1.4 Billion in Just One Day as Market Corrects
$BTC worth $1.38 billion on the day. According to blockchain analytics firm CryptoQuant, this was the day with the largest inflows for Bitcoin whales since February 28, when Bitcoin exchange-traded funds (ETFs) ) spot has only been available for six weeks and bi ti ci is approaching a new all-time high. It comes as Bitcoin supply on exchanges dropped to 942,000 – the lowest since December 22 /2021, according to on-chain intelligence platform Santiment. Falling Bitcoin reserves typically indicate a strengthening market, where investors anticipate bullish price action in the medium to long term. According to CoinGecko, Bitcoin is still down 8 .45% from the all-time high of $73,737 set on March 13. Ethereum Whales Don't Sleep either According to industry analyst Ali Martinez, citing Santiment data, Ethereum whales have recently purchase of over 240,000 $ETH worth nearly $840 million at current prices.