BTC Big Whales Move to Transfer Out of Wallets After Spot ETF Approval...Potentially Braking Bull Market.
![BTC Big Whales Move to Transfer Out of Wallets After Spot ETF Approval...Potentially Braking Bull Market.](/content/images/size/w1200/2024/01/btc-balina.png)
"Following the approval of the BTC spot ETF, the big whales have begun to move their long-held BTC out of the country, and we expect this to continue for some time, raising the possibility of a near-term pause in the bull market," crypto on-chain analytics platform Santiment said in an X analysis.