Bitcoin whales on Binance once again acted ahead of another price rally. Bitcoin’s steady march to near-all time highs came as traders correctly anticipated that the U.S. Securities and Exchange Commission (SEC) would approve futures-based exchange-traded funds (ETFs). But instead of it being a collective effort by both retail and institutional investors across multiple platforms, crypto exchange data shows that a large investor or investors on one particular exchange, using mostly a particular dollar-pegged stablecoin, are once again the main factor behind a rally.
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