Bitcoin Whales Acquire 24,000 Bitcoin in the Last 24 Hours: What's Happening?
The movement of Bitcoin whales is usually considered an important indicator that small whales use to determine the direction, as the movement of smart money by them usually hints at what is coming.
According to a tweet from analyst Ali Martinez, Bitcoin whales benefited from the recent decline in the price of Bitcoin, falling to the level of $67,000, and collected more than 20,000 Bitcoin, equivalent to $1.34 billion.
Bitcoin's recent price decline coincided with the approval of Ethereum ETFs issued by the Securities and Exchange Commission on Thursday.
The Ethereum ETFs were approved almost half a year after spot Bitcoin ETFs were approved (Bitcoin ETFs were given the green light by the regulator in January 2024).
Experts believe that demand for exchange-traded ETFs will not be as strong as demand for Bitcoin exchange-traded products.
