After the recent withdrawal, whales accumulate more Bitcoin

• whales snap bitcoin, since the decline dampens the dynamics of the bulls
• The Bitcoin price reached a low of USD 65,911 when the US government transferred its Silk Road BTC

Bitcoin fell back from his intraday high of around $ 70,000 on Monday and thus rejected the profits that were achieved after former US President Donald Trump had recently highlighted the Bitcoin 2024 conference.

But the upward trend that had built up for Trump's speech abruptly drew off after the US government withdrew $ 2 billion in BTC from the silk road. The message was startled by the investors and let the cryptom market crash.

The Bitcoin Prize fell by more than 4 % to low-levels of $ 65.911, thus got into the negative area in the weekly chart and reduced the 30-day profit at the time of writing to only 8.1.8 %.

Gemini co-founder Tyler Winklevoss commented on the BTC transfer with the words that it was only two days after Trump's promise not to sell bitcoins from the US government ". This view is represented by many in the crypto community and the step is seen as a continuation of the anti-crypto posture of the biden-hardis administration.

on Saturday, @RaldTtrump I promised to sell bitcoins of the US government. Two days later, the BIDE HARRIS government transfers Silk Road Bitcoins worth $ 2 billion. Great appearance and great restart for our industry. 🤡

- Tyler Winklevoss (@Tyler) 29. July 2024

Whale accumulate bitcoin

While BTC fluctuates below the $ 67,000 mark, large investors use the low prices as an opportunity to expand their portfolios. These whales have bought up aggressively Bitcoin since the break -in, according to the market information account Lookonchain divided on x.

Such a whale, "12qvsf", has reportedly deducted $ 4,500 BTC worth over $ 302 million from Binance. The whale was also associated with three other wallets, which on Tuesday morning $ 1,400 BTC worth $ 94 million from the Bitfinex crypto tour.

In addition, the wallets on June 20 withdrew a total of 2,510 BTC worth over $ 163 million from Bitfinex.

also the on-chain-insights platform Spot on Chain has emphasized this WAL accumulation.

four whales collected 5.900 $ btc ($ 397 million) from CEX in the last 24 hours!

1️⃣ Wal "12qvs" pulled 4,500 from $ Btc (303 million) from #binance at ~ 67.298 $.

• Among these tokens are 3,500 $ btc (233 million USD) Rel = "Nofollow Noopener" Target = "_ Blank" htf = "https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5etfw"> #bitcoin The price has crashed.

2️⃣ Three whales (probably an entity)… pic.twitter.com/ycwnm5gi4z

- spot on chain (@spotonchain) 30. July 2024

Bitcoin in March a maximum of $ 73,000 and analysts are optimistic that the market will experience a new bull run that could bring BTC to over $ 100,000 in the coming months.

At the time of writing, the Bitcoin price was around $ 66,527.