Large Bitcoin holders have purchased over 10,000 BTC in the past 24 hours, according to on-chain data from analyst Ali Martinez. This accumulation comes after a month-long decrease in whale holdings and coincides with Bitcoin's 7% weekly price drop, as it trades near key support levels. The Exchange Whale Ratio has reached a one-month low, suggesting fewer coins are being moved to exchanges for sale. Bitcoin is currently testing its 50-week moving average, a critical level during market corrections. Analysts are split on the outlook, with some predicting a rebound and others cautioning about further declines.
Bitcoin Whales Accumulate 10,000 BTC Amid Price Decline
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