IntoTheBlock: Crypto whales have accumulated $3 billion worth of Bitcoin this month
According to data tracked by IntoTheBlock, crypto whales or large investors have accumulated $3 billion worth of Bitcoin this month. The number of Bitcoins held in wallets with over 1,000 BTC has increased by approximately 76,000 BTC, reaching nearly 7.8 million BTC. While the net inflow of Bitcoin ETFs is $820 million, the capital inflow from Bitcoin whales has increased by about $3 billion (76,000 BTC) since 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. commercial crude oil inventories have declined for five consecutive weeks, while diesel inventories have fallen below 100 million barrels, reaching their lowest level since 2003.
EIA data shows that U.S. commercial crude oil inventories fell by 865,000 barrels last week to 409.8 million barrels, about 4% below the five-year seasonal average. The market had previously expected a decrease of around 200,000 barrels. Distillate fuel (including diesel and heating oil) inventories decreased by 3.6 million barrels to 99.3 million barrels, 13% below the five-year average. The market had previously expected a decline of only around 1 million barrels, making the actual reduction much greater than anticipated.

This Blockchain Is Abandoning Its Own Network—It Has Issued an Official Statement Regarding the Switch to Another Network
