Data from CryptoQuant has revealed how institutional investors have been the drivers behind the latest Bitcoin surge above $100,000. Bitcoin Coinbase Premium Index Has Been Positive Recently In a new post on X, the on-chain analytics firm CryptoQuant has discussed the latest trend in the Bitcoin Coinbase Premium Index. The “Coinbase Premium Index” refers to […]
Even above $100,000, Bitcoin offers a revolutionary platform for financial inclusion, particularly in developing regions with no banking infrastructure.
A quant has explained how Bitcoin may be expected to see a strong rise in the coming months based on a golden cross that has occurred in this indicator. Bitcoin SOPR Has Just Witnessed A Bullish Crossover As an analyst in a CryptoQuant Quicktake post pointed out, the Bitcoin Spent Output Profit Ratio (SOPR) has shown a golden crossover recently. The “SOPR” here refers to an indicator that tells us whether the BTC investors are selling their coins at a profit or loss. This metric works by going through the transaction history of each coin being sold/transferred to see what price it was moved at last time. If this price is less than the current spot price for any token, its sale contributes to profit realization. Related Reading: Dogecoin TD Sell Signal Goes Off, But Here’s Why Parabolic Bull Run Can Still Continue Similarly, transactions involving coins of the opposite type imply loss realization is occurring. The SOPR sums up these profits and losses for the entire sell supply, and determines their ratio. When the value of this indicator is greater than 1, it means the average holder could be assumed to be selling their coins at a net profit. On the other hand, being under the mark implies that the overall market is realizing more losses than profits. Now, here is a chart that shows the trend in the 30-day and 365-day moving averages (MAs) of the Bitcoin SOPR over the past decade: As is visible in the above graph, the 30-day MA of the Bitcoin SOPR fell under the 365-day earlier in the year, but recently, it has reversed its direction and has broken past the level. This increase naturally corresponds to the return of notable profit-taking in the sector following the latest rally of the cryptocurrency. In the chart, the quant highlighted the previous instances of this crossover. It would appear that each of these led into bullish price action for the asset. “After the golden cross appears, the market usually starts a strong rise within 2 months at the latest,” notes the analyst. Thus, it’s possible that Bitcoin could be gearing up for another run shortly. This latest bullish crossover in the Bitcoin SOPR is the second time this cycle that the pattern has appeared, so it’s possible that the run now would lead the asset to its final peak of the cycle. Related Reading: Ethereum Open Interest Sets New Record, Analyst Says Fireworks ‘Guaranteed’ It remains to be seen, though, whether the crossover between the monthly and yearly averages of the indicator would prove to be bullish for BTC or not. BTC Price At the time of writing, Bitcoin is trading at around $95,000, down almost 3% over the last week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
US-based spot Bitcoin ETFs saw $6.46 billion inflows in November, led by BlackRock, as BTC recorded a 45% price rally.
If the correlation holds up, Bitcoin price could trail the liquidity index to above $110,000 by January 2025, with a potential correction below $70,000 next.
Based on the growing global money supply projected to peak at $127 trillion in January 2026, some analysts predict a Bitcoin cycle top above $132,000.
Bitcoin (BTC) has been consolidating above the $90,000 support zone for the last ten days, reaching its latest all-time high (ATH) of $99,645 about a week ago. Since then, the cryptocurrency has closed below a short-term downtrend line, failing to break above it and potentially risking a drop to two-week lows. Related Reading: Altcoins ‘Starting To Run’ After Reclaiming This Key Level, Altseason Around The Corner? Bitcoin Faces ‘Moment Of Truth’ Bitcoin is having one of the best months in the cryptocurrency’s recent history, jumping over 47% from its monthly opening to its latest ATH. Since November 18, BTC has been moving within the $90,000-$99,000 price range, holding above the lowest range zone despite the recent retraces. After surpassing the $99,000 level twice, the ongoing rally has fueled investors’ optimism about achieving the potential run to the $100,000 milestone this month. However, the flagship crypto has been facing rejection from a Lower High resistance line for the last week. Crypto analyst Rekt Capital pointed out that Bitcoin has been closing daily below a one-week Lower High trendline. To the analyst, this resistance marks a “moment of truth” as a daily close above it could send BTC toward the $100,000 mark. However, continuing to close below it risks a “likely reject at the trendline resistance once again.” Despite hitting the $97,000 mark yesterday, BTC closed Wednesday around $95,300 for the seventh day. Bitcoin must close Thursday above the $97,000 level to break out from the trendline. The analyst noted that this trendline could be “a point of rejection again for Bitcoin For as long as it is a resistance,” adding that investors “could see lower range levels again.” November To Close With A Near 40% Rally Crypto analyst Ali Martinez noted that one key demand zone for Bitcoin is the $93,580 mark, as 667,000 addresses bought nearly 504,000 BTC at this price. Martinez warned that staying above this level “is a must” to prevent these holders from selling off. Moreover, the analyst’s chart highlighted that the biggest resistance level ahead is the $96,614 mark, where 155,000 addressed purchased 297,000 BTC. Martinez also suggested BTC could bounce to the range highs, fueled by Thanksgiving Day. It’s worth noting that, throughout the years, Bitcoin has recorded violent price swings around this holiday, like 2020’s “Thanksgiving Day Massacre,” which saw BTC record a 17% price drop within hours. The analyst shared that Bitcoin has been moving within a one-day bullish falling wedge, retesting the lower range as support and bouncing in the morning. To him, a successful breakout from this formation could trigger a rebound to $99,000. Related Reading: Latest Memecoin Sensation CHILLGUY Hits $0.65 ATH, What’s Behind The 80% Rally? BTC currently records a 36.6% monthly return, according to data from Coinglass, with the potential to see further gains in November’s last two days. Nonetheless, November will seemingly close as this year’s second-best month, setting the stage for a massive rally in December. As of this writing, BTC is trading at $95,135, a 1% drop in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
On-chain data shows the Bitcoin Fear & Greed Index has cooled down from extreme greed, a sign that may be positive for BTC’s price. Bitcoin Fear & Greed Index Is Pointing At ‘Greed’ Again The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment among investors in the Bitcoin and wider cryptocurrency markets. This metric uses a scale from zero to a hundred to represent its value. All values greater than 53 imply the presence of greed among the traders, while those under 47 suggest fear in the market. The index reflects a net-neutral mentality in the region between these two cutoffs. Related Reading: Current Bitcoin Hashrate Can Sustain $4.9 Trillion Cap, CryptoQuant CEO Reveals Besides these three main sentiments, the indicator can also signal two special sentiments: extreme fear and extreme greed. The former occupies the region below 25 and the latter above 75. Now, here is what the Bitcoin Fear & Greed Index is saying regarding the current market sentiment: As is visible above, the index has a value of 75, which means that the investors share a sentiment of greed right now. This mentality is also particularly strong, as the indicator’s value is right on the boundary of the extreme greed zone. Historically, the extreme mentalities have proven to be quite significant for Bitcoin and other digital assets, as it’s when the index is in these zones, the prices tend to hit major points of reversal. However, the relationship between the two is inverse, meaning bottoms are likely to happen when the market is the most fearful, while tops occur in times of immense greed. Followers of a trading technique called contrarian investing leverage this fact to make their trades; they buy in extreme fear and sell during extreme greed. Warren Buffet’s famous quote also sums up this idea, “be fearful when others are greedy, and greedy when others are fearful.” While the current value of the index is high, it was much higher during the last few days, as the below chart shows. The Bitcoin Fear & Greed Index was firmly inside the extreme greed territory as the rally in the asset took place, with a peak of 94 occurring alongside the cryptocurrency’s top above the $99,000 level. Thus, it appears Bitcoin has once again moved contrary to the crowd’s expectations, as its price has registered a notable drawdown since this extreme greed high. Ideally, the sentiment would cool off into the fear region for a reversal in the asset. Still, during bull runs, where demand is extraordinarily high, a refresh into the neutral or normal greed zone is often enough for the rally to regain steam. Related Reading: Bitcoin Crashes Under $93,000: What’s Behind It? With the Fear & Greed Index inside the greed region again, it remains to be seen whether Bitcoin will be able to find a rebound. BTC Price When writing, Bitcoin is trading at around $93,800, up over 1% in the last 24 hours. Featured image from Dall-E, Alternative.me, chart from TradingView.com
Bitcoin price rallied over 58% since May, when the M2 money supply turned positive year-over-year for the first time since November 2023.
Bitcoin has surged past the $99,800 mark, setting another all-time high as it inches closer to the psychological $100,000 milestone. Despite briefly testing the level, BTC has yet to break through, leaving investors and analysts eagerly anticipating the next move. With demand remaining robust, the stage appears set for Bitcoin to push past this key barrier in the coming days. Related Reading: Massive Ethereum Buying Spree – Taker Buy Volume Hits $1.683B In One Hour Recent data from CryptoQuant highlights a significant factor driving this rally: the Coinbase Premium Gap, which currently sits at $224. This metric, representing the price difference between Bitcoin on Coinbase and other global exchanges, signals strong buying activity from US Coinbase investors. The relentless upward momentum has further solidified Bitcoin’s dominance in the crypto market, with many viewing the $100,000 level as a critical supply zone. While the price has yet to break through, the ongoing rally reflects a growing belief that Bitcoin’s parabolic bull phase is far from over. As the market approaches this pivotal moment, all eyes remain on BTC’s ability to sustain its momentum and claim new highs, setting the tone for the weeks ahead. Bitcoin Price Action Remains Strong Bitcoin has been in an “only up” phase since November 5, showing no signs of weakness as it consistently climbs to new heights. Even after failing to break above the $100,000 mark yesterday, price action remains incredibly strong. Bulls are firmly in control, and if Bitcoin holds above critical demand levels, the long-anticipated $100,000 milestone could be breached within hours. CryptoQuant analyst Maartunn revealed that robust demand from US investors is a key driving force behind this rally. According to his data, the Coinbase Premium Gap—a metric that tracks the price difference between Bitcoin on Coinbase and other global exchanges—stands at $224. This positive premium underscores US-based buying activity as a significant factor in the current bullish momentum. A high premium often suggests that investors on Coinbase are willing to pay a higher price than others, a strong indicator of heightened demand. Related Reading: Polkadot Holds Key Demand Level – DOT Could Hit $11 In Coming Weeks As the market watches closely, Bitcoin’s ability to maintain its upward trajectory hinges on staying above vital support levels. The psychological resistance at $100,000 remains formidable, but the unyielding appetite from US investors points to continued strength in the days ahead. With such solid fundamentals, many analysts believe Bitcoin is poised for another explosive rally once the $100,000 barrier is decisively cleared. BTC Rally Is Only Starting Bitcoin is trading at $98,800 after a failed breakout above the highly anticipated $100,000 mark. Despite this temporary setback, price action remains firmly bullish as BTC continues to hold above key demand levels, showing resilience and strength in the current market. The failure to retrace to lower prices indicates that bullish momentum is still intact, keeping investors optimistic about a potential breakthrough. If BTC maintains its position above the critical $95,000 support level, the likelihood of a surge past the $100,000 psychological barrier increases significantly. Holding above this level would signal strong buyer interest and the potential for further upside, paving the way for Bitcoin to resume its upward trajectory in the near term. Related Reading: Ethereum Consolidation Continues – Charts Signal Potential Breakout However, if Bitcoin fails to hold above $95,000, a retrace to lower demand zones would confirm a short-term correction. Such a pullback could provide the necessary fuel for the next rally, as it would allow the market to consolidate before making another attempt at breaking the $100,000 mark. For now, all eyes remain on Bitcoin’s ability to defend its key support levels as the market anticipates the next major move in this historic rally. Featured image from Dall-E, chart from TradingView
Bitcoin’s price action has historically benefited from economic concerns and issues in the banking industry.
On-chain data shows the Bitcoin Hashrate has surged to a record value as the coin’s price has continued to explore new all-time highs (ATHs). 7-Day Average Bitcoin Mining Hashrate Has Shot Up Recently The “Hashrate” refers to a metric that keeps track of the total amount of computing power that the Bitcoin miners as a […]
Bitcoin is inching up toward six-figure valuation as investor optimism remains high due to Donald Trump’s incoming presidency and optimistic signs for cryptocurrency regulation.
On-chain data shows Bitcoin has recently surpassed a level of the Market Value to Realized Value (MVRV) Ratio that has historically signaled overheated conditions. Bitcoin Has Surpassed Highest MVRV Deviation Pricing Band In its latest weekly report, the on-chain analytics firm Glassnode has discussed about how Bitcoin is looking right now from the perspective of a pricing model based on the MVRV Ratio. The MVRV Ratio is a popular BTC indicator that keeps track of the ratio between the market cap of the asset and its realized cap. The latter here is an on-chain capitalization model that, in short, tells us about the amount of capital that the investors as a whole have used to purchase their tokens. Related Reading: Shiba Inu Could See A 53% Surge If This Resistance Breaks, Analyst Explains Since the MVRV Ratio compares this initial investment against the value that the investors are currently holding (that is, the market cap), it essentially provides information about the profitability of the addresses on the BTC network. Now, the pricing model that Glassnode has created doesn’t directly make use of the MVRV Ratio itself, but rather some standard deviations (SDs) from its mean. Below is the chart for this model shared by the analytics firm in the report. In this model, pricing levels correspond to BTC prices at which the MVRV Ratio would attain a value equal to a certain SD above or below its mean. At the +0.5 SD level, for instance, the MVRV Ratio is 0.5 SD greater than its mean value. From the graph, it’s apparent that the Bitcoin price has broken past the highest of the pricing bands part of this model with its latest run. The level in question is the +1.0 SD, equivalent to $90,200 at the moment. Historically, BTC has tended to form tops when its price has exceeded this pricing band. The reason behind this is the fact that at such high levels of the MVRV Ratio, the investors carry a significant amount of profits, so a mass selloff with the motive of profit-taking can become a real possibility. Related Reading: XRP Binance Inflows Spike: What It Means For Price The last time that the cryptocurrency broke past this barrier was in the first quarter of this year. As is visible in the chart, it didn’t take the price long to top out back then. In full-blown bull markets in the past, however, Bitcoin has generally sustained inside this overheated territory for notable periods of time before finding a peak. An example of this trend is also highlighted in the chart; the first half 2021 bull run saw the coin stay in the zone for a few months thanks to high capital inflows. As such, it’s not necessary that BTC would immediately reach a cyclical top now that it has become overheated on this model. BTC Price Bitcoin had risen beyond the $98,000 level earlier in the past day, but it seems the coin has suffered a minor setback as it’s now back at $97,500. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Bitcoin has set a new all-time high (ATH) beyond the $98,000 level today, as on-chain data shows cryptocurrency inflows have rocketed up. Crypto Market Capital Inflows Now Sit At Almost $63 Billion Per Month According to the latest weekly report from the on-chain analytics firm Glassnode, the cryptocurrency sector has been observing the injection of […]
The record monthly stablecoin inflows could put Bitcoin’s price on track to top the record $100,000 mark.
Bitcoin reached a new all-time high yesterday, surging to $94,000 and solidifying the bulls’ control over the market. This milestone has ignited widespread speculation about the key factors fueling the rally, as Bitcoin continues to dominate headlines and capture investor enthusiasm. Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed Key insights from CryptoQuant CEO Ki Young Ju shed light on the drivers of this historic surge. According to Ju, this rally has been powered by Coinbase investors, with U.S.-based buyers playing a significant role. The influx of demand from these investors underscores the growing domestic interest in Bitcoin and highlights the critical influence of American market participants on global crypto trends. Adding to the excitement, market sentiment appears to be heavily influenced by the pro-crypto stance of President-elect Donald Trump. His support for digital assets has sparked optimism across the industry, potentially creating a favorable regulatory environment that could sustain Bitcoin’s growth. Bitcoin Demand Continues To Drive The Price Bitcoin demand remains remarkably strong, even as miners and long-term holders (LTHs) take profits during this rally. Despite selling pressure from these groups, BTC continues to rise, underscoring the robust market appetite for the leading cryptocurrency. This strength suggests buyers readily absorb the distributed supply, fueling Bitcoin’s bullish momentum. CryptoQuant CEO Ki Young Ju recently shared insightful data on X that highlights the driving forces behind this rally. According to Ju, U.S.-based investors using Coinbase have played a pivotal role in Bitcoin’s surge. He referenced the BTC Hourly Coinbase Premium (Volume-Weighted, USDT/USD Adjusted), which measures the difference in Bitcoin prices on Coinbase compared to other exchanges. The premium is currently positive and growing, indicating that U.S. investors are willing to pay more for BTC than their international counterparts. This trend demonstrates strong demand from U.S. market participants, likely buoyed by improving market sentiment and potential regulatory optimism. Related Reading: Dogecoin Breaking Out Of Falling Wedge Pattern – Analyst Reveals Target If this upward momentum in U.S. demand persists, Bitcoin’s rally could extend further in the coming weeks, potentially setting new highs before any major correction occurs. However, as with all parabolic trends, traders and analysts remain cautious, recognizing the possibility of eventual pullbacks. The focus remains on Bitcoin’s strength, as buyers continue to outpace sellers, driving the market higher. BTC Setting New Highs (Again) Bitcoin (BTC) is trading at $93,300, following its recent break above the all-time high (ATH) of $93,483. While this move marked a new milestone for BTC, the price has since entered a sideways range within a defined uptrend, indicating that demand continues to outweigh supply. However, the breakout above the ATH lacked significant momentum, resembling more of a small spring than a decisive rally. This suggests that bulls might be starting to lose steam. Despite this, BTC’s ability to maintain above $89,800 in the coming hours will be critical. Holding this key support level could pave the way for a surge to $95,000, aligning with broader market expectations of continued bullish momentum. Such a move would likely reaffirm confidence among investors, potentially driving further buying interest as Bitcoin eyes the psychological $100,000 level. Related Reading: Bitcoin Demand Outpaces Supply – On-Chain Metrics Reveal Low Seller Volume On the other hand, a drop below $89,800 would shift the short-term narrative. This scenario could lead to a retrace toward lower demand zones around $85,000, where buyers might regroup to push prices higher again. As BTC consolidates near its ATH, the market awaits a decisive move to determine whether the bulls remain firmly in control or if a temporary correction is on the horizon. Featured image from Dall-E, chart from TradingView
MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.
On-chain data shows the Bitcoin Hashrate has seen a setback recently, a potential indication that miners may not believe the asset’s run would last. Bitcoin Mining Hashrate Has Declined Since Its All-Time High The “Hashrate” refers to a metric that keeps track of the miners’ total computing power currently attached to the Bitcoin network. This indicator’s value is measured in terms of hashes per second (H/s) or the larger and more practical, terahashes per second (TH/s). Related Reading: Is $135,000 Bitcoin’s Current Ceiling? This Model Says So When the value of this metric registers an increase, it means new miners are joining the network, and old ones are expanding their farms. Such a trend implies that blockchain is a lucrative opportunity for these chain validators. On the other hand, the declining indicator suggests some miners have decided to disconnect their rigs from the network, potentially because they can’t break even anymore. Now, here is a chart that shows the trend in the 7-day average of the Bitcoin Mining Hashrate over the past year: As displayed in the above graph, the 7-day average Bitcoin Hashrate had sharply moved up earlier and set new records. However, the metric has dropped since peaking near the 755 million TH/s mark at the start of this month. The earlier uptrend in the indicator resulted from the positive price action that the asset had been enjoying, as the price is directly linked to the miners’ revenue. There are two ways that these chain validators make their income: the transaction fees and the block subsidy. The former is dependent on traffic conditions and can drastically change from day to day. The latter, on the other hand, has very specific constraints attached to it. The block subsidy remains fixed in BTC value for about four years, at the end of which an event called the Halving cuts it exactly in half. These rewards are also given out at a more or less constant rate, meaning miners’ daily block subsidy income in BTC terms always remains quite predictable. Related Reading: Dogecoin Price Down 7%, But Whales Continue To Buy However, one variable is free to change, and it’s the USD value of these rewards. Whenever the price rises, so does the block subsidy revenue of the miners. This is why the Hashrate tends to see growth in bullish periods. Bitcoin has been exploring new highs recently, but the Hashrate has interestingly stayed muted. The indicator is around 723 million, which means it has declined by more than 4% since the peak. This trend could signal that the miners expect the current rally to face an obstacle. BTC Price At the time of writing, Bitcoin is floating about $91,900, up over 8% in the last seven days. Featured image from Dall-E, Blockchain.com, chart from TradingView.com
A quant has explained how Bitcoin could still have room to rise based on the trend forming in this popular on-chain indicator. Bitcoin Short-Term Holder SOPR May Not Be Overheated Yet In a CryptoQuant Quicktake post, an analyst has discussed the Spent Output Profit Ratio (SOPR) of the Bitcoin short-term holders. The SOPR refers to […]
Expectations of improving economic policies under the Trump administration may drive Bitcoin’s price above $100,000 before the end of the month.
The analyst’s predictions come shortly after Bitcoin staged the best weekly return since the 2023 US banking crisis.
Data shows the cryptocurrency derivatives market has suffered a lot of liquidations as Bitcoin has gone through volatility in the past day. Bitcoin Has Gone Through A Bit Of A Rollercoaster Over The Last 24 Hours Bitcoin has seen some wild price action over the past day in which it has not only set a […]
United States investors increased exposure to Bitcoin and Ether ETFs as a strong price rally fueled unprecedented inflows.
The US banking crisis is what catalyzed the 2023 bull run, according to BitMEX’s Arthur Hayes.
Bitcoin price is now just 17% away from surpassing the $100,000 mark, which could occur before the end of 2024 due to Trump’s presidential victory, analysts told Cointelegraph.
On-chain data shows the Bitcoin retail volume has sharply increased recently as the cryptocurrency has surged to a new high. Bitcoin Retail Volume Is Up More Than 15% Over Last 30 Days As explained by CryptoQuant author Axel Adler Jr in a new post on X, the demand from retail investors has gone up recently. […]
Data shows the Bitcoin investor sentiment has entered extreme greed territory following the asset’s surge to a new all-time high (ATH). Bitcoin Fear & Greed Index Is Now Pointing At ‘Extreme Greed’ The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment among the traders in the Bitcoin and the wider cryptocurrency sectors. This index represents the sentiment as a score between zero and hundred. To calculate the score, the metric uses data from the following five factors: volatility, trading volume, market cap dominance, social media sentiment, and Google Trends. When the indicator’s value is greater than 53, it means the investors share a sentiment of greed right now. On the other hand, the metric being below 47 suggests the market is currently observing fear. Naturally, the index between these two regions implies a net neutral mentality. Related Reading: Dogecoin Descending Triangle Could Hint At Next Destination For DOGE Besides these three core sentiments, there are two special zones: extreme greed and fear. The former occurs at values above 75, while the latter is under 25. Now, here is what the Bitcoin Fear & Greed Index is like right now: As is visible above, the indicator is at a value of 77, which suggests the traders in the sector are currently holding a sentiment of extreme greed. This is a change from yesterday when the market was still inside the normal greed region. Here is a chart that shows how the index’s value has changed over the past year: Historically, the extreme sentiments have proven significant for Bitcoin, as major price tops and bottoms in the asset have tended to occur inside these zones. Thus, the relationship between sentiment and price has been an inverse one, however, meaning that extreme greed has led to tops, while extreme fear has paved the way for bottoms. From the above graph, it’s apparent that the Fear & Greed Index had surged high into the extreme greed territory when Bitcoin had topped out in the first quarter of this year. Related Reading: Bitcoin Records $75,000 All-Time High: Here’s If BTC Is ‘Overheated’ Now It’s possible that, with the market once again becoming too hyped about the cryptocurrency after the latest all-time high (ATH) break, another top could form for BTC. Generally, however, major tops only occur when the index hits particularly high levels. The top above, for instance, took place alongside a value of 88. Thus, it’s possible that sentiment could still have room to heat up, before the rally hits a major obstacle. BTC Price At the time of writing, Bitcoin is floating around $75,900, up 8% over the last seven days. Featured image from Dall-E, Alternative.me, chart from TradingView.com
On-chain data shows the exchanges have just received large stablecoin inflows, something that could end up benefiting the Bitcoin rally. Stablecoin Exchange Inflows Have Spiked Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Exchange Inflow for stablecoins has registered a sharp jump. The “Exchange Inflow” here refers to an on-chain […]
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.