đ Are You Buying Bitcoin? Whales Add $7.3 Billion in $BTC
đ Bitcoin (BTC) continues its impressive performance, hitting a new high of $108,353 today after whales accumulated 70,000 BTC worth $7.3 billion in just 48 hours. This massive purchase highlights rising interest from large investors amid BTCâs bullish momentum.
đč BTC Price Momentum: At press time, BTC trades near $107,850, up 2.25% in 24 hours. Trading volume increased by 8%, reflecting heightened participation from traders as Bitcoinâs bull run gains traction.
đ Mixed Sentiment: Despite whale accumulation, some long-term holders are transferring BTC to exchanges, with inflows reaching $117.66 million, signaling potential selling pressure. However, the whale purchases far outweigh these inflows, reducing the risk of a significant price drop.
đŠ Institutional Demand Surges: Institutional interest has skyrocketed. Firms like MicroStrategy and Semler Scientific recently acquired 15,350 BTC and 211 BTC, respectively, boosting market confidence.
đ„ Why is BTC Rising? Whale accumulation, institutional purchases, and growing investor optimism are fueling BTCâs upward momentum. With strong support and rising demand, Bitcoinâs rally remains intact, leaving traders asking: Are you buying? đđ
