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Bitcoin whales bought 10,000 BTC in days, pushing supply to lowest since 2017 and lifting price to $75K.

Market News
16 Apr 2026
Finbold
View Source
Bullish
pluang ai news

Bitcoin whales, mainly institutional investors, have rapidly increased their holdings by acquiring 10,000 BTC worth about $750 million in just four days. This surge in buying coincides with growing interest in U.S. spot Bitcoin ETFs, notably BlackRock's IBIT, and has driven Bitcoin exchange reserves to their lowest level since December 2017. The reduced supply on exchanges has helped push Bitcoin's price up from around $65,000 to a local high near $75,000, though it faces resistance at this level. Continued whale accumulation will be key to breaking this resistance and sustaining a bullish rally.

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Montero completes deep drillhole at Elvira Gold Project, confirming key geological targets with assays pending.

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