Whales Accumulate 36,000 BTC as Gate Connect Adds Apple Pay
Crypto traders witnessed two major developments: Bitcoin whales accumulated over 36,000 BTC within two weeks, while Gate Connect Apple Pay functionality launched, enabling seamless crypto sales via Apple. Data from CryptoQuant shows that from October 24 to November 7, large BTC wallets doubled holdings, adding 36,000 BTC. This whale accumulation buoyed BTC above the $100,000 mark, signaling strong institutional confidence amid low market sentiment and a Fear & Greed Index at 24. On-chain metrics indicate that long-term holders and institutional wallets drove the buying, potentially tightening supply and setting the stage for a new bullish cycle. Meanwhile, Gate Connect Apple Pay support went live, making Gate the first Web3 exchange to offer direct crypto sales through Apple Pay. Users can sell crypto and instantly withdraw to Visa or Mastercard, benefiting from four layers of security. This Gate Connect Apple Pay integration accelerates mainstream crypto payments, enhances liquidity, and bridges on-chain assets with traditional finance. These shifts in Bitcoin whale accumulation and the Gate Connect Apple Pay feature could reshape trading strategies, as traders position for a potential BTC rally and improved payment infrastructure.
Bullish
Bitcoin whales adding 36,000 BTC within weeks indicates robust institutional interest, reducing circulating supply and underpinning price support. Historically, similar whale accumulation phases before the 2020 halving marked the start of multi-month bull runs. Meanwhile, Gate Connect Apple Pay integration expands mainstream crypto payment rails, lowering the barrier for retail and institutional users to sell and withdraw funds. In the short term, concentrated whale buying may establish stronger price floors and limit downside volatility, while Apple Pay support can boost trading volume by offering a trusted on-ramp/off-ramp option. Over the long term, sustained institutional stacking of BTC alongside improved payment infrastructure fosters wider adoption and liquidity, likely driving renewed upward momentum across the crypto market. Together, these developments represent bullish catalysts for both BTC and broader crypto trading activities.