#cryptocurrency #crypto #btc #bitcoin  50,000 bitcoins were purchased within five days which constitutes approximately 0.24% of the total bitcoin supply. This backlog was preceded by a 13-month Bitcoin dump linked to the FTX crash; In the first three weeks of November, whales holding 100 and 10,000 BTC sold 1.36% of the total Bitcoin supply. The volume of recent purchases is still far less than what was sold in November alone. Bitcoin whales seem to have started accumulating bitcoin in preparation for the βSanta Rally,β which usually starts in the financial markets in December. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@crypto401/bitcoin-is-being-bought)
| author | crypto401 |
|---|---|
| permlink | bitcoin-is-being-bought |
| category | hive-167922 |
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| created | 2022-11-30 17:05:03 |
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