đ **Bitcoin Whales Accumulate as BTC Holds Strong Above $68K!** đ
- On-chain data reveals a significant drop in Bitcoin large holder outflows, with BTC maintaining above $68,000.
- IntoTheBlock reports a shift from a 1,650 BTC outflow on Oct. 17 to a 211 BTC inflow on Oct. 19, indicating increased whale accumulation.
- CryptoQuant CEO Ki Young Ju confirms this trend, noting a surge in new whale addresses holding over 1.97 million BTCâa whopping 813% increase this year!
- U.S. spot BTC ETFs saw $2.1 billion inflows last week, pushing total net inflows past $21 billion.
- Bitcoin exchange net flows remain negative, suggesting lower selling pressure despite short-term profit-taking near its all-time high of $73,750.
- BTC is consolidating between $68,000 and $68,600, with a market cap of $1.35 trillion and a daily trading volume down by 55%.
đŹ What do you think about Bitcoin's current trend? Share your thoughts in the comments!
