Bitcoin whales buy $1.2B as ETFs grow
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- Bitcoin (CRYPTO:BTC) whales bought about US$1.2 billion worth of Bitcoin.
- Bitcoin ETFs attracted about US$750 million in new inflows.
- The buying suggests continued interest from large investors.
Bitcoin (CRYPTO:BTC) whales bought about US$1.2 billion worth of Bitcoin as exchange-traded funds attracted about US$750 million in inflows.
The buying came as Bitcoin traded near recent highs and institutional demand remained strong.
Blockchain data showed large wallet holders increased their Bitcoin holdings while ETF inflows continued.
The combined buying has drawn market attention, and Bitcoin was trading higher during the period covered by the report.
Whale activity is closely watched because large holders can influence market sentiment and trading behaviour.
Bitcoin ETF inflows are also monitored because they provide a measure of institutional demand for the cryptocurrency.
