Bitfinex whales have ramped up their Bitcoin accumulation, adding 400–600 BTC daily, according to crypto influencer Benson Sun. This marks the most aggressive buying spree since the market bottomed on November 20th last year. Additionally, Bitfinex's OTC desk has injected $300 million in USDT, suggesting confidence in a market phase shift.
The accelerated accumulation indicates that whales perceive the current market conditions as favorable for large-scale purchases without significantly impacting prices. This behavior contrasts with previous market levels, such as around $88,000, where similar buying intensity was absent. The actions suggest a strategic belief in the cost-effectiveness of current Bitcoin prices.
Bitfinex Whales Intensify Bitcoin Accumulation Amid Market Signals
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
