Whale Accumulates $118M in Bitcoin – How Will Bitcoin Price Respond?
Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...
A crypto whale has made a significant move, accumulating 347 Wrapped Bitcoin (WBTC) worth $16 million just 7 hours ago.
Over the past week, this whale has amassed a total of 1,953 WBTC, valued at $118 million, from Binance at an average price of $58,853 per WBTC.
A whale accumulated 347 $WBTC($16M) again 7 hours ago!
Over the past week, this whale has accumulated a total of 1,953 $WBTC($118M) from #Binance at an average price of $58,853.https://t.co/XlRBgyL4Tt pic.twitter.com/g1KRtkK5eY
This aggressive accumulation signals strong confidence in Bitcoin’s future. The big question now is: How will Bitcoin’s price respond to this substantial buying activity?
A recent tweet by Tron (TRX) founder Justin Sun has sparked speculation that China may consider lifting its long-standing ban on cryptocurrencies.
Sun’s cryptic message, along with large Ethereum transactions linked to PlusToken wallets and rumors on Chinese social media platform Weibo, has generated excitement within the crypto community.
These developments suggest China might be softening its stance on digital assets, potentially reopening avenues for Bitcoin mining and broader crypto engagement.
Justin Sun's Cryptic Post Fuels Speculation on China's Potential Bitcoin Ban Lift
✨ Justin Sun’s cryptic post sparked speculation on China potentially lifting its crypto ban.
✨ Circulating rumors on Weibo suggest a potential shift in China’s stance on Bitcoin mining.
✨…
If China eases its crypto restrictions, analysts predict the global market could experience significant shifts.
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