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Crypto

Bitcoin Sees Boost from $80M Whale Purchase

Guavy AI Editorial Team
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BTC
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A significant whale purchase has sparked renewed optimism in the crypto market, with Bitcoin's price aiming for further gains.

The whale bought over $80.94 million worth of Bitcoin, a move that is seen as a sign of accumulation and confidence in the asset's recovery.

Multiple market indicators are also painting a favorable picture, including improved open interest and reduced forced selling in derivatives markets.

On-chain activity remains supportive, with Bitcoin's total value locked stabilizing near $4 billion and active addresses hovering around 600,000.

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