Introduction

Bitcoin (BTC) has seen significant declines over the past Month. With so many BTC-related exchange-traded fund (ETF) deposits, the digital Gold broke the $30,000 barrier while taking the broader barrier market in green.

Whale Transactions Reach Three-Month Highs

Data shows that current bull run gained traction like bitcoin Whale deals are at a three-month high. According to the data you provided market Santiment intelligence platform, the whales moved 259 transactions worth not less than $1 million each.

Bitcoin Price and Trading Volume

For each Santiment, the coefficients came in at about two hours after bitcoin price It exceeded $30,600. The market intelligence platform says whale activity hit Three-month highs and major cryptocurrencies asset He still has a high chance to rise.

Bitcoin is up by 4.2% in the past 24 hours and trading at $30,162 at the time of writing. The asset24 hours trading size has also by 20% and currently It stands at $30 billion.

Short-Term Owners Raise Their Wallets

Moreover, bull run It comes as a short-term Owners raise their wallets. According to data provided by Glassnode, the no of Bitcoins that have been roaming between them one and three months down to 1,450,066,708 BTC, indicating a oneLow month.

The amount of short-term BTC held has reached a local peak on June 14 when asset It fell to around $24,800.

BlackRock Partnership with Coinbase Custody

Moreover, the bull is at the level of the market run It comes after a week of popularity asset manager BlackRock partnership with Coinbase custody file for a BTC ETF. Per report on June 15, company worth more than $9 trillion.

After BlackRock, investing and asset management companies were studying bitcoin Exchange Traded Funds. It owns Invesco, WisdomTree, and Fidelity also entering the crypto markets.