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Bitcoin Whales Playing It Safe? Addresses Holding 1,000+ BTC Decline Ahead Of US Elections

  • Bitcoin whales, wallet addresses holding a significant amount of BTC, are dialing back exposure ahead of the US presidential election.
  • There has been a 2% decrease in the number of wallet addresses holding 1,000 or more BTC.
  • The selloff indicates a cautious approach to mitigate potential price volatility tied to the elections.
  • Long-term BTC holders and retail investors are also selling BTC holdings and increasing demand, respectively.

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