Bitcoin Whales Amass $1.7 Billion During Dip

Bitcoin's Massive Weekly Net Outflows
Recent data reveals that Bitcoin experienced a staggering $1.7 billion in net outflows over the past week, marking the largest movement in over a year. This trend, highlighted by analytics firm IntoTheBlock, indicates a significant accumulation of Bitcoin by large investors, often referred to as 'whales'. Whales are investors who hold a large number of Bitcoins and can influence market prices.