Bitcoin and altcoin traders set their sight on new all-time highs now that BTC price is back above $63,000.
Bitcoin (BTC) rose 8.8% last week to conquer the psychological barrier of $60,000, indicating solid buying at lower levels. CoinShares data shows that Bitcoin witnessed inflows of $1.35 billion, the fifth largest weekly inflows on record.
Bitcoin was not alone a even Ethereum products saw inflows of $72 million in anticipation of the launch of the first spot Ethereum exchange-traded fund (ETF) in the US.
Cryptocurrency analytics firm Santiment said in a post on X that smaller traders dumped their holdings in the fall while Bitcoin whales and sharks accumulated. According to market intelligence platform IntoTheBlock Bitcoin, Bitcoin whales purchased 71,000 Bitcoin during “the recent price decrease.”
