Over the weekend, Bitcoin fell from more than $71,000 to $67,700, giving whales the opportunity to acquire cryptocurrency. 🐋 Five whales purchased 2,780 BTC for a total of $192.4 million since November 1, according to Lookonchain data.
Whales withdrew BTC from Binance to personal wallets, indicating a shift to self-custody for increased privacy and independence. This reduces selling pressure.
Investors believe in the growth of BTC, possibly due to the elections in the U.S. Some hope for Trump's victory, while others support Harris. Time will tell how this will impact the market.