As the crypto community buzzes about the U.S. launch of the spot Bitcoin ETF, a groundswell of movement from the market's usual stalwarts—the long-term holders and whales—has been detected. These groups, known for their stoic investment strategies and vast holdings, are making waves with their latest maneuvers. With Bitcoin's price waning in the wake of the ETF's debut, the detected whale activity and long-term holder behavior paint a revealing picture. Just as the market glimpses a drop from $46,608 to $41,769, an unprecedented transfer volume from dormant Bitcoin strikes, signaling... What does this sudden shift from the most steadfast of Bitcoin backers mean for the market’s future? Discover the complete analysis and implications behind these strategic moves, exclusively with CryptoSlate Alpha.
Old and HODLed Bitcoin is on the move with whales active Old and HODLed Bitcoin is on the move with whales active
Whale and long-term holder activity surges as spot Bitcoin ETFs gain traction.
3 min read
Updated: Jan. 17, 2024 at 3:15 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
