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Whales Hoard $90 Million In Bitcoin: A Sign Of What’s To Come?

  • Bitcoin whales have accumulated $90 billion worth of BTC since May, indicating strong short-term confidence among high-net-worth investors.
  • The whales, holding over 1,000 BTC, have seen rapid growth in their balances, accumulating around 1.5 million BTC in the past six months.
  • This accumulation has come from weaker hands selling at a loss, as evidenced by the significant number of BTC sold at a loss on exchanges.
  • Despite recent price corrections and liquidations, large holders continue to accumulate BTC, reflecting ongoing confidence in the market.

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