Bitcoin Whales and ETF Inflows Boost BTC’s $70K Rally Outlook

Bitcoin (BTC) is showing renewed signs of buying pressure from large investors, with whale accumulation and improving spot Bitcoin ETF inflows strengthening the case for a potential move toward $70,000 despite uncertainty surrounding the U.S. CLARITY Act. Blockchain analytics firm Santiment reports that Bitcoin whales and sharks wallets holding between 10 BTC and 10,000 BTC have accumulated more than 20,000 BTC since July 29. Worth roughly $1.2 billion at current prices, the purchases occurred while Bitcoin traded choppily in a relatively narrow range below $65,000. Santiment noted that…  Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

UP NEXT

Related Tags

Loading RSS Feed

You May Like

Subscribe To Our Newsletter

Metus in ac vivamus dui id purus in risus. Nunc fringilla donec amet pulvinar vivamus suscipit. Augue porttitor eu sed proin tortor bibendum facilisis felis. Nunc egestas tellus nisl tempor aliquet malesuada ali eu sed proin tortor bibendum facilisis felis
Stay Updated by our Monthly / Weekly News Update. Zero Spamming. Terms & Condition Applied