Bitcoin's surge, fueled by a whale injecting billions, boosts confidence. New ETFs draw $340M, maintaining momentum despite outflows
has sparked considerable optimism within the cryptocurrency community, thanks to its impressive rally. This upward trend has not only boosted confidence but also attracted a surge of new liquidity into the market.
Interestingly, this isn’t an isolated event, as the whale has been actively contributing to the crypto market’s liquidity, injecting a substantial 3.22 billion USDT since 20th October, 2023. The preceding day saw a price increase prior to the US trading session, followed by predominantly sideways movement.
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