Bitcoin whales load up on $1.2 billion in BTC as ETFs attract $750 million
Bitcoin whales accumulate $1.2 billion in BTC while spot ETFs pull in $754 million this week.
AI Summary
Whales holding 10–10,000 BTC have accumulated over 20,000 bitcoin ($1.2 billion) since July 29, while U.S. spot bitcoin ETFs recorded $754.69 million in inflows this week. Price has yet to decisively break above $65,000, but analysts say a close above that level is needed for a sustained recovery. Santiment notes that the divergence between whale accumulation and small holder selling makes a move to $70,000 more probable than a drop below $60,000.