Large Bitcoin holders, called whales, bought up 404,448 BTC in a month, which is worth about $23 billion at the time of writing, according to CEO of the CryptoQuant analytics platform Ki Young Ju Wu H, Na Chasi Crypto reports.
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Large investors are taking advantage of market fluctuations and are actively buying up the first cryptocurrency. In the last month alone, such holders have accumulated a significant amount – 404,448 BTC.
Ki Young Ju suggests that this is due to the purchase of BTC by institutional players in the market, companies and governments.
During the collapse in the markets on Monday, August 5, whales actively bought up the “gap” when Bitcoin fell below $50 thousand.
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