Key Takeaways
- Three wallets accumulated 3,000 Bitcoin worth $280 million within 15 hours.
- Earlier this week, Bitcoin soared above $94,000 before falling to around $92,000.
Three wallets that may belong to a single entity acquired 3,000 Bitcoin worth approximately $280 million over the past 15 hours, according to data tracked by Lookonchain.
The buying follows a strong start to the year for Bitcoin, which rebounded above $94,000 on Monday before easing to around $92,000 at press time, per CoinGecko.
The rally was supported by renewed institutional demand, with US spot Bitcoin ETFs recording roughly $1.2 billion in net inflows over the first two trading days of the year, according to Farside Investors’ data.
Momentum cooled on Tuesday, however, as the funds collectively saw about $243 million in net outflows. BlackRock’s IBIT was the only fund to record inflows, adding $229 million.
Source: https://cryptobriefing.com/whales-accumulate-280m-bitcoin-15-hours/
