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

May 1, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Fast Take

Whales have been lively over the weekend, persevering with their aggressive Bitcoin accumulation.
Roughly $250 million value of Bitcoin has been pulled from exchanges on Friday and Saturday.
Aggressive shopping for comes within the wake of the information of regulators making a last-ditch try to rescue First Republic Financial institution.
First Republic Financial institution is now the fifth financial institution to fail up to now fifty days; the opposite banks embrace;

Silicon Valley Financial institution.
Silvergate Financial institution.
Signature Financial institution.
Credit score Suisse.
First Republic Financial institution.

exchange netflow: (Source: Glassnode)
alternate netflow: (Supply: Glassnode)

The submit Bitcoin whales present no indicators of slowing down accumulation, even over the weekend appeared first on CryptoSlate.

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Tags: AccumulationBitcoinShowsignsSlowingWeekendWhales
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