On-chain data revealed major Bitcoin holders moving substantial funds off exchanges, with Whale Alert tracking at least 27,000 Bitcoins — valued at US$2.8 billion — transferred from platforms like Bybit and Binance.
This movement suggests reduced Bitcoin supply on public exchanges, potentially supporting higher prices.
MicroStrategy — the world’s largest corporate Bitcoin holder — has seen its stock surge 490% year-to-date, qualifying for Nasdaq 100 index inclusion — comprising the 100 biggest firms on the stock exchange — effective December 23. The company, led by Executive Chairman Michael Saylor, is widely viewed as a proxy for Bitcoin investment.
The cryptocurrency jumped 3.9% in evening trading, reflecting growing institutional interest and market optimism.
I will see you on the moon. #Bitcoin pic.twitter.com/pmL7TTBr5e
— Michael Saylor⚡️ (@saylor) December 15, 2024
The Nasdaq 100 addition could trigger further investment as exchange-traded funds adjust their portfolios.
These developments signal continued mainstream acceptance of cryptocurrency as a significant financial asset class, with potential implications for future market dynamics.
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