January 22, 2021

Since the beginning of autumn, whales have purchased another 500,000 BTC

Since the beginning of autumn, whales have purchased another 500,000 BTC

Bitcoin whales are actively increasing their reserves in BTC, having bought half a million coins in the fall alone.

Analysts from the Chainalysis team are confident thatbitcoin whales triggered a bullish trend in the market this fall. According to the company, since September, major players have poured $ 11.5 billion into the industry by acquiring almost 500,000 BTC. Such a financial flow provoked an asset growth of 225% over the year.

For statistics, the Chainalysis team tracked the movement of large investors with a BTC balance of at least $ 20 million, actively buying up the first cryptocurrency.

Since the beginning of autumn, whales have purchased another 500,000 BTC

Since the beginning of autumn, whales have purchased another 500,000 BTC

Their conclusions are confirmed by the WhaleMap team, which believes that the Whales are pushing the asset to $ 30,000.

Since the beginning of autumn, whales have purchased another 500,000 BTC

Increased interest is also noted in bitcoin futures. The Chicago Exchange (CME) this week saw a record demand of $ 1.4 billion.

Subscribe to ForkNews on Telegram to stay up to date with the latest news from the world of cryptocurrencies