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Two Bitcoin whales buy $142M BTC after Trump’s win

The two whales have acquired $142 million worth of Bitcoin since Trump’s victory in the US election was confirmed, showing growing investor demand for Bitcoin.

Two large Bitcoin investors, known as whales, are significantly increasing their holdings, reflecting growing interest in risk assets after Donald Trump’s win in the United States presidential election.

On Nov. 6, Trump was declared the winner of the presidential election, securing his second term, which will begin on Jan. 20, 2025.

Trump’s victory bolstered investor appetite for risk assets such as Bitcoin (BTC), which hit a new all-time high of $76,400 shortly after Trump was elected president.  

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Strategic Bitcoin reserve: Not only for countries but for protocols

Bitcoin whales accumulate $132M amid Trump victory projections

Investor appetite for risk-on assets like Bitcoin is growing, with Donald Trump projected to win the US presidential election.

New Bitcoin “whales,” or investors holding significant amounts, appear to be accumulating the cryptocurrency in anticipation of a victory by former President Donald Trump in the 2024 election.

Whales have acquired and withdrawn over 1,806 Bitcoin (BTC) worth over $132 million across 11 newly created cryptocurrency wallets.

The withdrawals from the world’s largest centralized exchange (CEX), Binance, were flagged by crypto intelligence platform Lookonchain in a Nov. 6 X post.

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Strategic Bitcoin reserve: Not only for countries but for protocols

Crypto Market ‘Pricing in a Trump Win,’ Says QCP Capital

Crypto Market ‘Pricing in a Trump Win,’ Says QCP CapitalQCP Capital reports that the cryptocurrency market is anticipating a Donald Trump victory in the upcoming U.S. election in November 2024. QCP drew a parallel to the attempted assassination of Ronald Reagan in 1981. QCP Capital: Unusual Bitcoin Buying Signals Market Confidence in Trump Bitcoin (BTC) peaked at an intraday high of $63,259 per coin […]

Strategic Bitcoin reserve: Not only for countries but for protocols