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Bitcoin’s 1.9M move: Why BTC is the ‘Hot Pick’ for whales right now!
Whale accumulation of BTC surges as over 1.9M BTC moves to mega wallets since the start of 2024. More metrics show why BTC is a good bet for long-term investors.
A huge amount of Bitcoins [BTC] has recently been transferred to new, large wallets, indicating significant activity by major investors, often called whales.
This movement follows a market crash earlier this week, which some analysts believed marked the cycle’s lowest point before the start of the next bull run.
According to CryptoQuant, the total Bitcoins held in new wallets containing over 1,000 BTC, including spot ETFs and custodial wallets, but excluding exchanges, has risen to over 1.9 million BTC in the year 2024
