Whale Accumulation Rises Amid Bitcoin Options ETF Launch as BTC Hits $94K ATH

WikiBit 2024-11-21 05:00

The recent launch of Bitcoin ETF options has spurred whale activity, pushing BTC to a new all-time high. Bitcoin surged past $94,000 on Tuesday, achieving

The recent launch of Bitcoin ETF options has spurred whale activity, pushing BTC to a new all-time high.

Additionally, Grayscale Investments has also revealed plans to introduce options trading on its spot Bitcoin ETFs, set to launch on Wednesday.

The launch of #Bitcoin ETF options has spurred whale activity, pushing $BTC to a new ATH!

Here are two notable accumulators in the last 24 hours:

1/ Super-giant whale “bc1qc” withdrew 750 $BTC ($68.9M) from Binance, now holding 24,660 $BTC ($2.3B).

2/ Six first-time wallets…

— Spot On Chain (@spotonchain) November 20, 2024

The transactions included three separate inflows: 300 BTC valued at $27.98 million, 250 Bitcoin worth $23.31 million, and 200 Bitcoin totaling $18.65 million. The wallet‘s total holdings now stand at 24,660 Bitcoin, equivalent to $2.3 billion. Notably, the portfolio’s value increased by 0.311% on the day.

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