Bitcoin Whales Reportedly Accumulate Nearly $23B Worth Of BTC In A Month: 'Something Is Happening Behind The Scenes'

Benzinga 2024-08-07

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Bitcoin whales have moved nearly $23 billion worth of BTC to “permanent holder addresses” in the last 30 days, observed Ki Young Ju, the founder, and CEO of CryptoQuant. He added that this recent spike in demand for Bitcoin among long-term holders is a sign of BTC being in an “accumulation phase.”

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