Bitcoin whales move $162,502,588 out of Robinhood as Bitcoin hits new all-time high

From Investing.com

January 20, 2025 12:30 PM:

Bitcoin recently hit a new all-time high above $109,000, prompting whale activity on Robinhood. Three transactions totaling $162,502,588 saw 500 BTC each leave the platform for unknown addresses. Despite Bitcoin’s high price, whales remain confident in the “omega” rally theory by Samson Mow, hinting at long-term HODLing strategies. The market outlook includes positive indicators like a nearly $1 billion inflow into the spot BTC ETF market on Jan. 17 and a looming supply squeeze from Bitcoin mining not keeping up with demand since the last halving.

Read more at Investing.com: $162,502,588 in Bitcoin Mysteriously Exit Robinhood in Minutes By U.Today