CryptoQuant CEO Ki Young Ju reported that Bitcoin whales acquired over 47,000 BTC within 24 hours, valued at approximately $2.97 billion. This marks a significant buying spree in what Ju describes as a "new era" for Bitcoin, emphasizing a shift in investor dynamics away from traditional exchanges to more private and direct acquisitions. This behavior does not correlate with the recent approval of Bitcoin ETFs by the SEC, suggesting a different investment strategy among high-net-worth individuals and institutional players.

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