After Bitcoin (BTC) surpassed $100,000 last week for the first time in three months, "whales" (large investors) have begun buying Bitcoin.
It is reported that about $23 billion has flowed into the cryptocurrency. At 8:50 a.m. on the 12th, Bitcoin was trading at $103,976 on CoinMarketCap, down 0.69% from the same time the previous day.
As Bitcoin prices leveled off after soaring last week, whales are stepping in to buy more.
On the 10th, cryptocurrency analyst Ali Martinez announced through X that he would be “holding at least 1,000 BTC of Bitcoin.”
"A whale holding the largest amount of Bitcoin has purchased more than 20,000 BTC in two days," the company said. A large amount of money also flowed into Bitcoin spot exchange-traded funds (ETFs).
On the 9th (local time), a total of $321.4 million was inflowed into the Bitcoin Spot ETF, marking the third consecutive trading day of net inflows.
2025/05/12 12:32 KST
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