đł A whale continuously accumulated 427 million USD in Bitcoin in the past 3 weeks
According to data from Bitinfocharts, the owner of an anonymous wallet spent $427 million to buy 11,269 Bitcoin since November 10 and became the 74th largest BTC holding entity on the market. Currently this account is earning nearly 10 million USD.
On November 29 alone, that person purchased 875 Bitcoins, with an average purchase price ranging from 36,000 to 38,000 USD. Someone investigated the identity of the above wallet belonging to BitMEX, based on the reserve asset information listed on the website by the exchange.
The above comments speculate that wallets related to large asset management companies in the US are related to Bitcoin ETF. Because if a spot ETF is approved, fund managers will have to own and hold a large amount of BTC to meet investor demand.
In related developments, the SEC recently consulted with the public on whether they should approve Franklin Templeton and Hashdex's Bitcoin spot ETF proposal. This move is pushing up expectations for a Bitcoin spot ETF to appear early next year.
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