Investing.com– surged to a record high on Sunday evening amid signs of increased whale trading, while crypto markets also cheered MicroStrategy’s addition to the Nasdaq 100.
The jumped 3.9% to a record high of $105,120.9 by 18:27 ET (23:27 GMT).
On-chain data showed a flurry of major trades by large Bitcoin holders over the weekend. These holders, referred to as whales, were seen moving hundreds of millions of Bitcoin off exchanges and onto private wallets.
X account Whale Alert, which tracks major crypto transactions, showed at least 27,000 Bitcoins, worth a total of $2.8 billion, had been moved off major crypto exchanges such as Bybit and Binance over the weekend.
Such a move points to limited supply of Bitcoin on public exchanges, entailing a higher price for the crypto.
Bitcoin was…
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