Jane Street Continuously Buys BTC for Nine Hours, Valued at Approximately $54.03 Million
Publication Time:2024-08-13 11:26:21
According to the on-chain analyst @ai_9684xtpa, the quantitative trading company Jane Street has recently shown sustained interest in Bitcoin (BTC). In the past nine hours, Jane Street extracted a total of 911.19 BTC from the Gemini platform. Assuming current market prices, this action involves a market value of approximately $54.03 million. It's worth noting that this is not Jane Street's first indication of large-scale operations in the Bitcoin market. Seven months ago, the company accumulated 865 and 1,147 BTC respectively on January 20th and February 1st, with the coin price then being only $41,855. Today, the value of these BTC has significantly increased to $34.82 million, demonstrating Jane Street's keen insight and successful strategies in the cryptocurrency market.
Bitcoin
Gemini
Jane Street
Quantitative Trading
Market Value Growth