Bitcoin Whales Accumulate 71,000 BTC Amidst Price Dip – Details
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Bitcoin has seen a mild recovery after a recent price dip, with a 1.11% increase in the past day. Bitcoin whales, wallets holding over 1,000 BTC, have purchased 71,000 BTC over the past week, countering a significant selling pressure largely driven by the German government. The whales' confidence in Bitcoin's long-term profitability could inspire other investors and contribute to a broader price rebound. Furthermore, Bitcoin Spot ETFs recorded a net inflow of $310 million on July 12. Despite current recovery signs, Bitcoin remains in the red overall for the month, trading at $59,539 with a 10.96% loss on the monthly chart.
Source: www.newsbtc.com ↗
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