Bitcoin whales signal accumulation trend while fear subsides

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Bitcoin whales signal accumulation trend while fear subsides
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Over the past 20 months, the number of large Bitcoin wallet holders has increased by 8.1%, based on Santiment data. The surge comes after 2022’s bear

Bitcoin holdings over the past 20 months signify that 11,806 more addresses have acquired at least 10 BTC. Bitcoin's previous record of such large holdings was set in 2019, suggesting renewed interest after a bearish cycle. The market activity was highlighted by large Bitcoin transactions in the last week. market as large Bitcoin transactions and price stability now underline positive market sentiment.

BTC large transactions Bitcoin whales remain active The recent market activity was highlighted by two substantial Bitcoin transactions on a Sunday, as reported by WhaleAlert notifications. These transactions were emblematic of market movements involving over $100 million. The first of these transactions involved the transfer of 2,818 BTC, equivalent to $75.8 million, from an unknown wallet to Coinbase. The second transfer saw 1,630 BTC, valued at $43.

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