Bitcoin whales, or owners of large cryptocurrency wallets, reportedly made significant profits on a recent legal decision between Grayscale and the SEC. According to Santiment, these whales accumulated $388.3 million worth of Bitcoin within a day before the court announced its decision. Additionally, Bloomberg Intelligence’s chief commodity strategist believes that $30,000 may have become the new threshold for Bitcoin. It is important to note that the opinions expressed in the article belong to the writers and do not represent the views of U.Today. The article also includes a disclaimer stating that trading cryptocurrencies involves risk, and readers should conduct their own research before making investment decisions.
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