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Bitcoin Sees Surge In Active Addresses And Institutional Interest

  • Bitcoin has witnessed a surge in active addresses since September, indicating increased user engagement and potential demand.
  • New whale wallets hold a substantial amount of Bitcoin, totaling 1.97 million BTC, accounting for 9.3% of the total supply.
  • Institutional interest in Bitcoin is growing, with Spot Bitcoin ETFs adding over $600 million worth of Bitcoin to their holdings.
  • Tesla transferred its entire Bitcoin holdings, valued at $773 million, to new wallets after two years of dormancy.

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