Key Takeaways
- Two whales purchased $142 million in Bitcoin after Trump's win.
- BTC reached an all-time high of $76,400 after Trump's victory.
- 11 new whale wallets acquired $132 million in BTC from Binance.
Following Donald Trump’s re-election on Nov. 6, Bitcoin surged to a new all-time high of $76,400.
Amid the rising price, two large Bitcoin investors—referred to as “whales”—made substantial BTC purchases, highlighting an increased demand for Bitcoin in the wake of Trump’s victory.
Whale investments exceed $140 million
Data from Arkham Intelligence shows that one whale wallet, identified as “bc1qh,” purchased over $50.4 million in Bitcoin from Binance on Nov. 7.
A second whale, using the wallet “bc1qa,” acquired over $92 million in BTC shortly thereafter.
This wallet’s recent activity suggests that it began accumulating Bitcoin a week before the election, beginning with a $52 million purchase on Nov. 1.
Together, these wallets have added $142 million in BTC holdings since Trump’s win.
New whale addresses signal demand
The excitement around Trump’s victory also coincided with the creation of 11 new whale addresses, which collectively withdrew over 1,806 BTC (around $132 million) from Binance.
Analysts speculate that this surge in whale interest could foreshadow a Bitcoin rally.
Bitget Research’s chief analyst, Ryan Lee, stated:
With market capitalization of stablecoins reaching a new high, BTC could potentially rally to $100,000 within the next three months.
Industry experts anticipate that the Republican-led Congress could prioritize policies favorable to Bitcoin, potentially aiding regulatory innovation in the years ahead.
