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New Bitcoin Whales Quietly Absorb Massive Supply, Analysts Say

  • Wallets created within the last six months holding at least 1,000 BTC have doubled in holdings, now controlling over 1.1 million BTC.
  • These 'new whales' have accumulated a supply equivalent to nearly 10 months of Bitcoin mining, indicating new money entering the market.
  • The average age of holdings in these wallets is low, suggesting recent capital inflows rather than internal redistribution by existing players.
  • Analysts suggest that this accumulation trend by institutional-sized buyers could precede a bullish phase due to impending macro catalysts like interest rate cuts or inflows into newly launched Bitcoin ETFs.

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