**Crypto Whales Continue to Accumulate Bitcoin, Ethereum, and Chainlink**
Bitcoin has reached a 17-month high, trading above $35k, thanks to the approval of Grayscale and the Bitcoin ETF. Whales have taken advantage of this surge and accumulated 117 Bitcoins worth around $3.2 million. This buying spree suggests that there is massive attention on Bitcoin, and whales are not backing down. In fact, they have accumulated around 20,000 Bitcoins worth around $550 million since the beginning of October. Bitcoin’s value has more than doubled this year, and investors are excited about the possibility of buying bitcoin funds that trade on stock exchanges.
Ethereum has been on a massive growth spree, leading many to wonder if it can hit $2k. Several whales have shown significant interest in Ethereum recently and have accumulated large amounts of the token. Between October 20-23, six whales accumulated about 42,391 ETH worth $71 million. Four new whales also purchased a substantial amount of ETH on Coinbase. Additionally, there has been a decrease in the supply of ETH available on exchanges, reaching levels last seen in 2015. The price growth from Bitcoin seems to be moving to Ethereum and the rest of the market.
Chainlink whales continue to accumulate LINK throughout October. LINK has surged over 43% in the past month, demonstrating strength and resilience. Network activity has been high, with 220 whale transactions surpassing $100,000 each on October 21. The count of unique addresses engaging with LINK has also increased to nearly 5,000. The highly anticipated Chainlink Staking v0.2 platform is believed to be a catalyst for this growth, introducing new features such as an unbonding mechanism and liquid rewards for stakers.
**Hot Take: Crypto Whales Bullish on Bitcoin, Ethereum, and Chainlink**
Crypto whales are continuing to accumulate Bitcoin, Ethereum, and Chainlink, signaling their confidence in the future of these cryptocurrencies. Bitcoin’s recent surge to a 17-month high has attracted the attention of whales, who have accumulated significant amounts of BTC. Ethereum’s massive growth has also caught the interest of whales, with large accumulations of ETH being reported. Meanwhile, Chainlink whales are not backing down and have continued to accumulate LINK throughout October. These buying sprees suggest that whales believe in the potential of these cryptocurrencies and anticipate further price increases. As the crypto market continues to evolve, it will be interesting to see how these investments play out for the whales.
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