- November 25, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The post Whales Accumulate Bitcoin Amid Price Drops; Spot ETF Inflows Surge appeared first on Coinpedia Fintech News
Whales remain undeterred by recent Bitcoin price fluctuations, continuing to accumulate BTC. Over the past 8 hours, six fresh wallets withdrew 1,110 BTC ($107.7M) from Binance, signaling strong confidence among major players. On the institutional side, Bitcoin spot ETFs saw a record-breaking net inflow of $3.38 billion from November 18 to November 24, marking seven consecutive weeks of positive inflows. Notably, BlackRock’s IBIT ETF recorded a $2.05 billion weekly inflow, while Fidelity’s FBTC ETF followed with $773 million. This rising whale accumulation and growing ETF demand cements the optimistic roadmap for Bitcoin in the coming months.
