from IntoTheBlock's Large Holders Netflow metric has revealed a staggering surge in Bitcoin accumulation by whales during the recent market downturn. Wallets holding at least 0.1% of the total supply seized the opportunity to bolster their holdings by adding nearly 33,000 BTC to their stacks in a single day, translating to a whopping $2 billion investment.Delving into the figures, the net flow of Bitcoin into the wallets of these large holders witnessed a remarkable turnaround.
This is likely an OTC deal and does not directly affect the BTC spot price, but BTC has dropped 4.6% in 24 hours.BTC address, associated with U.S. authorities, which recently executed substantial transfers. Notably, 2,000 BTC, valued at $131 million, were sent to Coinbase Prime, while a significant sum of 29,800 BTC, worth $1.95 billion, was relocated to a new address.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Unified Liquidity Platform Range Protocol Unveils Skate: The First Universal Application Layer Powering Apps to Run on All Chains With One State
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