Bitcoin Whales Accumulate Over $388 Million BTC as Price Drops
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Bitcoin is seeing significant accumulation activity from major entities known as whales. Blockchain data analytics platforms, Lookonchain and Spot On Chain, have reported recent large-scale Bitcoin purchases. This comes at a time when the price of Bitcoin has dropped, indicating that whales are taking advantage of lower prices to accumulate more BTC.
Such activities often suggest a positive long-term outlook from these major holders, as they seek to increase their holdings during price dips. The accumulation could potentially impact future price movements.
Overall, the data points to a strategic move by influential players in the Bitcoin market, suggesting confidence in its future value despite current price drops.
Quelle: en.coinotag.com ↗
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