Whale Accumulation: Whale investors are accumulating Bitcoin on spot exchanges at levels similar to those seen before Bitcoinâs 2020 rally, suggesting strong long-term confidence.
New Whale Wallets: Newer whale wallets (holding BTC for less than 155 days) have reached an all-time high of 1.97 million BTC, according to CryptoQuant CEO Ki-Young Ju.
Election Speculation: Traders speculate that a potential Donald Trump win in the U.S. presidential election could push Bitcoin to new highs.
Institutional Demand: Bitwise CIO Matt Hougan forecasts that institutional demand and macroeconomic factors could drive Bitcoin to six figures.
Current Price: Bitcoin is trading at $68,280, marking an 8.5% rise.
Stay tuned for further information â„ïž
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