📣Hey BTC enthusiasts!🎉 Bitcoin's recent dip to around $56,500 turned out to be a golden opportunity for the big fish in the market. 🐳 According to data shared by CryptoQuant CEO Ki Young Ju, whales have scooped up a massive 47,000 BTC - that's over $2.8 billion in current price - in just the past 24 hours! 🤑 This buying frenzy signals the start of "a new era" for Bitcoin, says the exec.

The fact that Bitcoin whales are increasing their holdings could mean that institutional investors or high-net-worth entities are feeling more confident about Bitcoin's future. 🚀

Interestingly, the whale wallets in question are mostly custodial ones, including ETFs. But don't get it twisted - the recent spike isn't ETF-related.

Just a week ago, long-term Bitcoin whales were sitting on a pile of unrealized profits, especially with the price hovering above $60,000. 📈 But instead of cashing out, they held onto their positions. This coincided with a surge in Bitcoin exchange inflows, mostly from whales, which led to a market-wide slump.

But now, following the latest whale accumulation, Bitcoin has bounced back by over 6% to surge above $62,000 on Friday. 🎉 One whale, known as "Mr. 100", bought over 4,100 BTC worth over $242 million at around $58,000 on May 2nd. This marked the wallet's first Bitcoin purchase since April 19, just before the 2024 halving.

So, folks, it seems like the whales are betting big on Bitcoin! 🐳💰🚀 Stay tuned for more updates! #BitcoinWhales #CryptoNews