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Bitcoin whales show no signs of slowing down accumulation, even over the weekend Bitcoin whales show no signs of slowing down accumulation, even over the weekend

Bitcoin whales show no signs of slowing down accumulation, even over the weekend

Data via Glassnode

Bitcoin whales' buying spree intensifies as yet another bank collapses, signaling a shift in the financial landscape.

Quick Take

  • Whales have been active over the weekend, continuing their aggressive Bitcoin accumulation.
  • Approximately $250 million worth of Bitcoin has been pulled from exchanges on Friday and Saturday.
  • Aggressive buying comes in the wake of the news of regulators making a last-ditch attempt to rescue First Republic Bank.
  • First Republic Bank is now the fifth bank to fail in the past fifty days; the other banks include;
  1. Silicon Valley Bank.
  2. Silvergate Bank.
  3. Signature Bank.
  4. Credit Suisse.
  5. First Republic Bank.
exchange netflow: (Source: Glassnode)
exchange netflow: (Source: Glassnode)