Avatar photo

INFBusiness

Bitcoin price slide imminent? Whales sell 147,000 BTC

Large Bitcoin investors, also known as whales, have transferred unusually large amounts of BTC in recent weeks. On-chain data from CryptoQuant shows net outflows of around $16.5 billion. This equates to approximately 2.7 percent of total whale holdings. CryptoQuant chief…

Michael Saylor expects “strong Bitcoin rise” soon

According to Michael Saylor, current demand from institutional investors is increasingly absorbing the available Bitcoin supply. He believes that Bitcoin spot ETFs and treasury firms are buying more BTC than miners are producing in the same period – a circumstance…