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Crypto

Bitcoin Whales Pile In with $3 Billion in Accumulation

Guavy AI Editorial Team
Instruments
BTC
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Large Bitcoin investors known as whales have accumulated over $3 billion in BTC in the past week, indicating confidence in Bitcoin's long-term potential.

This accumulation coincides with Bitcoin testing a critical breakout zone between $60,000 and $70,000, which is now acting as support after the 2024 rally.

Bitcoin remains above key moving averages, supporting a bullish trend despite possible short-term pullback due to overbought conditions.

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