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

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

James Van Straten
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James Van Straten
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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)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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