In the last 24 hours as whales continued to accumulate bitcoin and the expectation of huge inflows into ETFs post trading, created a positive sentiment in the crypto market. On-chain data shows that Bitcoin whales have accumulated aggressively buying more than 30,000 BTC worth around US$1 billion over the past week. According to crypto analyst Ali, the rush of Bitcoin spot ETF applications appears to be fueling increased interest in Bitcoin among whales and institutions. Blockchain analytics platform IntoTheBlock also shows institutional activity increasing for the top cryptocurrency. The number of large BTC transactions worth more than US$100,000 has reached a new record high in 2023. This number spiked in late June following the implementation of BlackRock's ETF and has now surpassed that level as BTC reached a new annual high above US$35,000. The ETF is projected to generate inflows of US$14.4 billion in its first year, although this is still only an estimate, with a value of that size it will certainly be able to change the direction of positive investment in the crypto world.#BinanceSquare #bitcoin #altcoin $BTC $XRP $ETH