$200M Bitcoin hits exchanges in 24 hours – But a $903M whale buy absorbs the pressure
· price · Sentiment: bullish
Approximately $200 million worth of Bitcoin was deposited onto exchanges within a 24-hour period. However, a large-scale investor, often referred to as a "whale," purchased $903 million worth of Bitcoin, effectively absorbing the selling pressure. This significant buy helped maintain market stability despite the substantial influx of Bitcoin onto exchanges. The whale's purchase indicates strong demand for Bitcoin.