🚀 Bitcoin Surges to $71,700 as Whales Ramp Up Accumulation! 🐋
1️⃣ Bitcoin Price Boom!
Bitcoin has skyrocketed to $71,700! A major reason? Big investors, or "whales," have been buying up BTC. These whales now own over 40% of all Bitcoin!
2️⃣ Whales Driving the Market
Whale addresses with more than 1,000 BTC have been on a buying spree since mid-March. This accumulation shows their confidence in Bitcoin's future price increase. Historically, when whales buy, prices often rise due to reduced supply and increased scarcity.
3️⃣ ETF Frenzy
Investor interest in Bitcoin ETFs is soaring! Wednesday saw the highest inflows since March.
Fidelity’s FBTC: $378M
BlackRock’s IBIT: $270M
Grayscale’s GBTC: $28M
4️⃣ Global Support
Positive news is coming from around the world!
Hong Kong approved Bitcoin ETFs.
Australia launched its first BTC ETF.
Thailand’s SEC approved the first spot Bitcoin ETF.
Stay tuned for more crypto insights! 👍
📌 Disclaimer: This is not financial advice. Do your own research before investing.
