- The number of wallets holding between 1K and 10k coins jumped sharply.
- More than 60% of the whale accounts on Binance were long on Bitcoin.
Bitcoin [BTC] has retreated sharply since the spot ETF approvals, dampening the high spirits of the market participants.
However, seasoned investors, who did their due homework on the king coin’s expected medium to long-term pricing, continued to accumulate the asset in large quantities.
Whales on an accumulation spree
As per CryptoQuant, a sharp spike in the number of wallets holding between 1K and 10k Bitcoins was observed throughout January. This is despite the price crashing 12% since the peak on the ETF approval day.
Source: CryptoQuant
A separate set of data from IntoTheBlock revealed that whale investors have increased their BTC holdings by 76,000 since the beginning of the year, worth more than $3 billion at prevailing market prices.
Source: IntoTheBlock
Optimism for the future
“Buying the dip” as it’s commonly called, is one of the most popular mantras in investment circles.
In this, investors buy assets when the price has declined, with the expectation that the price will increase in the future.
As AMBCrypto previously reported, most market analysts expect significant capital inflows into the Bitcoin market following spot ETFs approval.
In fact, one research predicted that the king coin would reach $100,000 by the end of the year, and close to $200,000 by the end of 2025.
These positive forecasts might be prompting experienced investors to ignore the short-term blip and pack their bags for the eventual super cycle.
Another interesting metric that reflected whales’ bullishness on Bitcoin was the number of long positions taken by them.
According to AMBCrypto’s analysis of Hyblock Capital data, more than 60% of the whale accounts on Binance were long on the king coin at press time.
The long exposure increased sharply since the spot ETFs got approved, lending strength to the arguments made earlier in the article.
Source: Hyblock Capital
Grayscale outflows continue
Meanwhile, Bitcoins continued to exit Grayscale Bitcoin Trust ETF (GBTC), with net outflows of $255 million on Friday, as per AMBCrypto’s reading of SoSo Value data.
Read Bitcoin’s [BTC] Price Prediction 2024-25
Other ETFs except Grayscale recorded net inflows of $269 million.
Since the listing, spot ETFs have accumulated $756 million as of the 26th of January, severely dragged down by more than $5 billion of outflows from GBTC.
- The number of wallets holding between 1K and 10k coins jumped sharply.
- More than 60% of the whale accounts on Binance were long on Bitcoin.
Bitcoin [BTC] has retreated sharply since the spot ETF approvals, dampening the high spirits of the market participants.
However, seasoned investors, who did their due homework on the king coin’s expected medium to long-term pricing, continued to accumulate the asset in large quantities.
Whales on an accumulation spree
As per CryptoQuant, a sharp spike in the number of wallets holding between 1K and 10k Bitcoins was observed throughout January. This is despite the price crashing 12% since the peak on the ETF approval day.
Source: CryptoQuant
A separate set of data from IntoTheBlock revealed that whale investors have increased their BTC holdings by 76,000 since the beginning of the year, worth more than $3 billion at prevailing market prices.
Source: IntoTheBlock
Optimism for the future
“Buying the dip” as it’s commonly called, is one of the most popular mantras in investment circles.
In this, investors buy assets when the price has declined, with the expectation that the price will increase in the future.
As AMBCrypto previously reported, most market analysts expect significant capital inflows into the Bitcoin market following spot ETFs approval.
In fact, one research predicted that the king coin would reach $100,000 by the end of the year, and close to $200,000 by the end of 2025.
These positive forecasts might be prompting experienced investors to ignore the short-term blip and pack their bags for the eventual super cycle.
Another interesting metric that reflected whales’ bullishness on Bitcoin was the number of long positions taken by them.
According to AMBCrypto’s analysis of Hyblock Capital data, more than 60% of the whale accounts on Binance were long on the king coin at press time.
The long exposure increased sharply since the spot ETFs got approved, lending strength to the arguments made earlier in the article.
Source: Hyblock Capital
Grayscale outflows continue
Meanwhile, Bitcoins continued to exit Grayscale Bitcoin Trust ETF (GBTC), with net outflows of $255 million on Friday, as per AMBCrypto’s reading of SoSo Value data.
Read Bitcoin’s [BTC] Price Prediction 2024-25
Other ETFs except Grayscale recorded net inflows of $269 million.
Since the listing, spot ETFs have accumulated $756 million as of the 26th of January, severely dragged down by more than $5 billion of outflows from GBTC.
can i get clomid without a prescription clomiphene cost uk can i get cheap clomiphene without dr prescription can i order cheap clomid without rx can i get clomid for sale buying generic clomiphene no prescription buy clomid price
This is the description of serenity I enjoy reading.
This is the compassionate of criticism I in fact appreciate.
zithromax 250mg usa – cost floxin 400mg generic flagyl 200mg
purchase semaglutide generic – cyproheptadine 4mg cheap buy cyproheptadine 4mg
cheap motilium 10mg – how to buy cyclobenzaprine order flexeril 15mg for sale
buy inderal pills for sale – generic clopidogrel 75mg methotrexate online order
buy generic amoxil for sale – brand ipratropium order ipratropium 100 mcg
zithromax 500mg price – buy zithromax 500mg pill buy bystolic 5mg generic
augmentin 1000mg ca – https://atbioinfo.com/ buy ampicillin online cheap
esomeprazole ca – https://anexamate.com/ purchase nexium pill
warfarin 2mg for sale – https://coumamide.com/ cozaar pills
mobic pills – https://moboxsin.com/ meloxicam 7.5mg ca
order prednisone generic – aprep lson prednisone us
best ed pills non prescription uk – erectile dysfunction pills over the counter how to get ed pills without a prescription
amoxicillin without prescription – purchase amoxil pills purchase amoxicillin sale
cenforce 50mg pill – https://cenforcers.com/# buy cenforce 50mg pill
cialis and grapefruit enhance – cialis com coupons cialis tubs
cialis once a day – https://strongtadafl.com/# cialis experience
order ranitidine pills – https://aranitidine.com/# ranitidine without prescription
More posts like this would make the blogosphere more useful. zithromax 250mg sale
This website really has all of the information and facts I needed adjacent to this participant and didn’t comprehend who to ask. https://ursxdol.com/ventolin-albuterol/
More text pieces like this would urge the web better. https://prohnrg.com/product/acyclovir-pills/
The depth in this serving is exceptional. https://aranitidine.com/fr/levitra_francaise/
The thoroughness in this piece is noteworthy. https://ondactone.com/product/domperidone/
This is the make of delivery I turn up helpful.
buy spironolactone cheap
More posts like this would make the online time more useful. http://www.google.com.bd/url?q=https://wakelet.com/wake/Ygm_w25-9BwVAfPHOoN7B
More posts like this would create the online elbow-room more useful. https://myrsporta.ru/forums/users/xcizp-2/
buy forxiga 10mg sale – site buy generic forxiga online
order xenical sale – https://asacostat.com/# orlistat without prescription
Thanks for putting this up. It’s understandably done. http://zgyhsj.com/space-uid-979406.html