Bitcoin Whale Profits Soar To $16.3 Billion Despite Mixed Spot BTC ETF Flows
March 26, 2024
Ki Young Ju, the founder of CryptoQuant, a crypto analytics platform, now says historic inflow into Bitcoin is the key driver of profitability among short-term whales, including spot Bitcoin exchange-traded fund (ETF) buyers. Referencing on-chain data, the founder notes that these investors have amassed roughly $16.3 billion in unrealized profit, translating to a gain of about 16%. […]
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Author: Dalmas Ngetich