Bitcoin whales accumulate ahead of crucial US inflation report as $744 million exits ETFs
Bitcoin whales are accumulating before Wednesday's US inflation report, despite $744 million in recent spot ETF withdrawals. According to an Oct. 13 CryptoQuant report, large holders have increased their combined Bitcoin holdings to 3.03 million BTC, with accumulation accelerating to its fastest monthly pace since February. The buying contrasts with $744.3 million in net withdrawals… Read the…
Bitcoin whales have raised their combined holdings to 3.03 million BTC, accumulating at the fastest monthly pace since February, according to an Oct. 13 CryptoQuant report. That buying contrasts with $744.3 million in net withdrawals from spot Bitcoin ETFs. Traders will watch Wednesday's US inflation report, since the whale accumulation and ETF outflows point in opposite directions and the CPI print could decide which side drives the next move.
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45M AGOYou’re reading thisBitcoin whales accumulate ahead of crucial US inflation report as $744 million exits ETFsCryptoSlate · Score 55
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