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Bitcoin Price Insights: Whales Bought $1.4 Billion BTC after ETH Futures ETF Approval
Bitcoin (BTC) price held the $28,300 support on Tuesday, October 17, marking the first time BTC traded above $28,000 for two consecutive days since August. On-chain indicators show that corporate entities have increased their demand for BTC since the ETH Futures ETFs were approved in late September. Whale Investors Have Accumulated 50,000 BTC Since ETH Futures ETF Approval: In late September, the US Securities and Exchange Commission (SEC) gave the green light for regulated TradFi trading platforms and fund managers to offer Ethereum Futures ETF products. Quite surprisingly, Ethereum’s price performance in the ... (full story)
