Bitcoin enters ‘a new era’ as whales scoop up over 47K BTC during price pullback
Bitcoin whales have added over $2.9 billion worth of BTC, which helped it recover above the $60,000 mark, but can Bitcoin price close the week above $60,000?
Following the post-halving price dip, Bitcoin whales have started accumulating Bitcoin (BTC) once again. Can whales push Bitcoin’s weekly close above $60,000?
Bitcoin whales, which are large wallets holding at least 100 BTC, have accumulated over 47,000 BTC worth over $2.9 billion at current prices, noted Ki Young Ju, the founder and CEO of CryptoQuant, in a May 3 X post:
The chart excludes wallets related to centralized exchanges (CEXs) and mining firms. While the metric includes spot Bitcoin exchange-traded funds (ETFs), they are not the reason behind the uptick, according to CryptoQuant’s founder:
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Author: Zoltan Vardai
