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Bitcoin Whales Load Up on BTC Ahead of US Inflation Data

Guavy AI Editorial Team
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BTC
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Bitcoin whales are accumulating large amounts of BTC ahead of key US inflation data releases. According to data, these whales have amassed 46,420 BTC in recent days.

This accumulation comes as retail investors sell their Bitcoin holdings, potentially indicating a shift in market sentiment.

The upcoming release of the US Consumer Price Index (CPI) and Producer Price Index (PPI) may be contributing to this trend, with some analysts expecting inflationary pressures to rise.

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