Bitcoin Whales Accumulate 16,010 BTC in Five Days as South Korea's Jeonbuk Bank Launches BTC-Backed Loans
- —Whales bought 16,010 BTC in five days, holdings rising from 5,247,316 to 5,263,326 BTC
- —Key resistance sits at $84,569, where roughly 800,000 BTC previously changed hands
- —Combined spot and US ETF volume averaged $6.8 billion daily, below 90% of days since early 2024
- —Jeonbuk Bank offers corporate won loans backed by BTC held via a custodian
Why it matters: Whale accumulation and the launch of bank lending against Bitcoin in South Korea point to rising institutional demand, though a break above $84,569 remains the trigger for a sustained rally.
Source: ZyCrypto
More on this
Exchanges · yesterdaySouth Korea's Jeonbuk Bank Issues Bitcoin-Backed Loan as Bulgaria's Fibank Opens Crypto to 1M Clients
Regulation · yesterdayJeonbuk Bank becomes first South Korean bank to offer won loans backed by Bitcoin
Markets · Sep 25Analyst: XRP whales accumulate over $724M in five days