Bitcoin Nears $80,000 as Spot Volume Surges 3-4 Times, Whale Inflows Grow
JH Kim
Summary
- It reported that Bitcoin (BTC) saw a sharp increase in spot trading volume and whale fund inflows as it climbed toward $80,000.
- It said spot trading volume surged 3-4 times from previous levels as Bitcoin approached $80,000.
- It reported that whale investors' Bitcoin inflows exceeded 2,000 BTC per hour, while altcoin exchange deposits also tripled.
Forecast Trend Report by Period
Bitcoin's climb toward $80,000 was accompanied by a sharp increase in spot trading volume and inflows from whale investors.
Cointelegraph reported on Sept. 4 that spot trading volume surged to three to four times previous levels as Bitcoin approached $80,000.
Bitcoin inflows from whale investors exceeded 2,000 BTC per hour. Over the same period, altcoin deposits to exchanges also tripled.
The move suggests spot trading and large-scale fund flows became more active alongside Bitcoin's price gains.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.