Old and HODLed Bitcoin is on the move with whales active

01/17/2024 22:45
Old and HODLed Bitcoin is on the move with whales active

There has been a sharp spike in activity from whales and long-term holders, as both cohorts sent signficant amounts of Bitcoin to exchanges.

Old and HODLed Bitcoin is on the move with whales active Old and HODLed Bitcoin is on the move with whales active 44 seconds ago · 3 min read

Whale and long-term holder activity surges as spot Bitcoin ETFs gain traction.

3 min read

Updated: January 17, 2024 at 3:15 pm

Old and HODLed Bitcoin is on the move with whales active

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

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.

Read more --->