Bitcoin whales show no signs of slowing down accumulation, even over the weekend

Quick Take

• Whales have been active over the weekend, continuing their aggressive Bitcoin accumulation.
• Approximately $250 million worth of Bitcoin has been pulled from exchanges on Friday and Saturday.
• Aggressive buying comes in the wake of the news of regulators making a last-ditch attempt to rescue First Republic Bank.
• First Republic Bank is now the fifth bank to fail in the past fifty days; the other banks include;

1. Silicon Valley Bank.
2. Silvergate Bank.
3. Signature Bank.
4. Credit Suisse.
5. First Republic Bank.

exchange netflow: (Source: Glassnode)

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