On-chain data suggests Bitcoin price will likely breakout to a new all-time-high soon, as whales, miners and long-term hodlers turn bullish again.
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On-chain data suggests Bitcoin price will likely breakout to a new all-time-high soon, as whales, miners and long-term hodlers turn bullish again.
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Big whales aren’t selling, but accumulating Bitcoin, as the price of BTC consolidates under $60,000.
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The number of wallets holding over 10K ETH has hardly dropped in four weeks.
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There’s no shortage of demand for Bitcoin, even at $50,000, as big buyers dwarf smallholders in the latest stage of the bull run.
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Big Coinbase outflows show that some big players are scooping up Bitcoin on dips below $50,000.
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Bitcoin struggling to break above $51,600 could trigger another big drop in BTC price.
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Whales have been offloading their BTC this month after a sustained period of accumulation.
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A serial seller with a lot of BTC to their name chose to divest themselves of a large chunk of Bitcoin just before Monday’s crash to $47,400.
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The number of Bitcoin whales is increasing as the price of BTC continues to rise.
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