Bitcoin: Whale Rakes in $217 Million From Strategic Moves on Binance A large investor makes $217 million through strategic actions on the cryptocurrency exchange Binance.
Bitcoin (BTC) has seen a significant rise, exceeding the $24,312 mark with a 243% growth in just 434 hours. This sudden increase is a stark contrast to the losses experienced earlier in the week, which were triggered by a large liquidation event of $4.3 million. The increase in value was driven by a significant increase in investments in exchange-traded funds (ETFs), which reached new highs in both dollar amount and Bitcoin volume. According to data closely tracked and reported by BitMEX Research, there was a noteworthy spike in spot Bitcoin ETFs, resulting in a net inflow of 2217.4 BTC, worth over $2000 billion, on Tuesday. This increase not only broke previous records but also exceeded the inflows seen in February, which totaled $673 million. The significant rise in ETF investments demonstrates a growing interest and belief in Bitcoin by both institutional and retail investors. Dubai Police collaborates with the Cardano Foundation to combat crime. In the midst of a lot of excitement and movement, focus has now shifted to a knowledgeable investor fondly referred to as the ‘smart whale,’ whose clever tactics have captured the interest of the cryptocurrency community. This person is said to have made substantial profits of approximately $217 million by making clever trading choices related to Bitcoin.