Insights

Bitcoin whales show no signs of slowing down accumulation, even over the weekend

exchange68September 13, 2024

0 0 1 minute read

Quick Take

Whales have been active over the weekend, continuing their aggressive Bitcoin accumulation.
Approximately $250 million worth of Bitcoin has been pulled from exchanges on Friday and Saturday.
Aggressive buying comes in the wake of the news of regulators making a last-ditch attempt to rescue First Republic Bank.
First Republic Bank is now the fifth bank to fail in the past fifty days; the other banks include;

Silicon Valley Bank.
Silvergate Bank.
Signature Bank.
Credit Suisse.
First Republic Bank.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.