Five Whales Accumulate $192.4M in BTC Since November 1

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Five Whales Accumulate $192.4M in BTC Since November 1 In a noteworthy development within the Bitcoin (BTC) ecosystem, five significant whale addresses have collectively purchased 2,780 BTC, valued at approximately $192.4 million, since November 1, according to data from Lookonchain.

If market sentiment shifts positively, we might witness a significant price rally as these large holders continue to accumulate or slowly release their positions to take profits.

The actions of these whales can lead to substantial price movements, either by creating upward pressure through accumulation or downward pressure through large sell-offs.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Whales

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 11:07:39 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 921 words

Reading Time: 6 minutes read

Sentences: 46 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23393717

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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News Last Updated: 8 hours ago

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