Bitcoin Whales Accumulate 47,000 BTC ($2.97B) in a Day, Signaling a ‘New Era’ in Crypto Market: Insights from CryptoQuant CEO

• Bitcoin (BTC) whales have reportedly purchased nearly $3 billion worth of the leading cryptocurrency in a 24-hour span, according to CryptoQuant CEO Ki Young Ju.
• The massive accumulation of Bitcoin by these large-scale investors signals the advent of a new era in the crypto market.
• Ju’s analysis reveals that this surge in whale activity is not linked to Bitcoin exchange-traded funds (ETFs), which gained approval from the U.S. Securities and Exchange Commission (SEC) earlier this year.

Bitcoin whales have reportedly accumulated nearly $3 billion worth of BTC in just 24 hours, marking a significant shift in the crypto market landscape.

Bitcoin Whales on a Buying Spree

CryptoQuant CEO Ki Young Ju recently informed his 345,000 followers on social media platform X that Bitcoin whales have purchased tens of thousands of BTC within a single day. This massive accumulation of the leading cryptocurrency by these large-scale investors could potentially signal the beginning of a new era in the crypto market.

Not Linked to Bitcoin ETFs

Ju further noted that this recent surge in whale activity surrounding Bitcoin is not related to the approval of Bitcoin ETFs by the SEC in Jan... Read the full article for FREE at COINOTAG!