The post Why Bitcoin is Surging? Is $100K Imminent This Week? appeared first on Coinpedia Fintech News
Amid the recent price decline in Bitcoin (BTC), some are panic selling while others are buying the dip. Recently, a whale transaction tracker Lookonchain made a post on X (Previously Twitter) that whales have made significant transactions and accumulated BTC as its price dropped.
Source: X (Previously Twitter)
Bitcoin Whales Activity
In a post, Lookonchain noted that five whales have successfully accumulated 952 BTC worth $83.7 billion. This notable acquisition suggests a potential buying opportunity. Additionally, on November 12, 2024, the artificial intelligence firm Genius Group (GNS) successfully acquired $120 million worth of Bitcoin, following their plan to make BTC their primary treasury asset.
Apart from this, the market has experienced notable BTC acquisitions in the past 24 hours.
BTC Price Momentum
Currently, BTC is trading at $91,350 and has registered a
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