Bitcoin whales are bullish after Trump victory

Donald Trump's victory is creating enthusiasm and optimism in the crypto world, especially among Bitcoin whales.

According to analysis platform Lookonchain, shortly after the initial forecasts, large Bitcoin investors moved 1,807 BTC, worth about €125 million, from the Binance exchange to private wallets.

While the exact reason for this movement remains unclear, it seems these investors have positive prediction for the time ahead. Trump's promise to strengthen the crypto sector in the U.S. is fueling optimism among leading voices in the sector.

Even before the first results were known, Bitcoin rallied and even reached a new record. Some now expect this to herald the start of the altcoin season.