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Bitcoin Rebounds From $74,000 Low As Whales Crank Up Activity

  • Bitcoin rebounds from its recent low following a spike in Whale Transaction Count on the network.
  • The Whale Transaction Count measures the total number of transfers on the Bitcoin blockchain with a value of over $1 million.
  • Increased whale activity suggests growing interest among large investors and a possible recovery push for Bitcoin's price.
  • However, a decline in the Whale Transaction Count and the movement of ancient Bitcoins raise caution for the cryptocurrency's future.

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