Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Whale Buys $1.2 Billion in Bitcoin During Price Drop, Fueling Rapid Bitcoin Rally

Whale Buys $1.2 Billion in Bitcoin During Price Drop, Fueling Rapid Bitcoin Rally

2024/04/19 18:39

Bitcoin addresses holding at least 0.1% of the supply added 19,760 bitcoins worth more than $1.2 billion on Friday, at an average price of $62,500, according to blockchain analytics firm IntoTheBlock's "Net Flow of Large Holders" metric. X post stating: "The bitcoin whales may finally be starting to buy low." "Historically, the accumulation of these addresses tends to precede the rise in bitcoin price."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!