Whale Buys $1.2 Billion in Bitcoin During Price Drop, Fueling Rapid Bitcoin Rally
2024/04/19 18:39
Bitcoin addresses holding at least 0.1% of the supply added 19,760 bitcoins worth more than $1.2 billion on Friday, at an average price of $62,500, according to blockchain analytics firm IntoTheBlock's "Net Flow of Large Holders" metric. X post stating: "The bitcoin whales may finally be starting to buy low." "Historically, the accumulation of these addresses tends to precede the rise in bitcoin price."
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