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Bitcoin Whales Accumulate as Smaller Wallets Exit

  • Bitcoin whales, holding 10 or more BTC, increased by 231 addresses in the last 10 days, while wallets with 0.001 to 10 BTC decreased by 37,465.
  • This shift signals a transfer of supply from smaller retail investors to larger entities, considered a bullish sign for the market.
  • Despite recent volatility, BTC's price has remained relatively stable, allowing for strategic accumulation.
  • Similar patterns of large wallets growing and small wallets shrinking have historically preceded significant upward momentum in the crypto market.
  • Increased exposure by large holders during retail hesitation indicates strong institutional conviction.
  • The divergence between large and retail investors reflects rising confidence among high-cap investors.
  • Market observers are monitoring whale and shark wallet activity for signs of Bitcoin's potential upward movement.
  • This accumulation phase could set the stage for Bitcoin's next rally.

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