Bitcoin Smashes New ATHs Amid Surging Capital Inflows And Whale Activity

Bitcoin continues its meteoric rise, repeatedly breaking all-time highs (ATHs) as it attracts massive inflows from both ETFs and the spot market.

Over the past 30 days, the market has seen an astounding $62.9 billion in capital inflows, fueling Bitcoin’s relentless climb.

#Bitcoin continues to relentlessly establish new ATHs, supported by robust capital inflows from both ETFs and the Spot Market, with over $62.9B entering the market over the last 30 days.

As the market proceeds to heat up, Long-Term Holder spending begins to rise in tandem.… pic.twitter.com/Rsl1L7Ie4E

— glassnode (@glassnode) November 20, 2024

The introduction of Bitcoin ETF options has significantly boosted whale activity, further propelling $BTC to new heights. As the market gains momentum, long-term holders have started to spend more, signaling growing confidence and anticipation of higher price levels.

In the last 24 hours, two major accumulation events have caught the market’s attention:

1. A super-giant whale, identified as “bc1qc,” withdrew 750 BTC (worth $68.9 million) from Binance. This brings the whale’s total holdings to 24,660 BTC, valued at an incredible $2.3 billion.

2. Six newly activated wallets—likely controlled by a single entity—pulled 500.2 WBTC (worth $46.3 million) from Binance, subsequently supplying it all to Aave, signaling strategic DeFi positioning.

The launch of #Bitcoin ETF options has spurred whale activity, pushing $BTC to a new ATH!

Here are two notable accumulators in the last 24 hours: