Whales Show Continued Demand for Bitcoin Despite Price Drop
Despite recent price declines, demand for Bitcoin remains strong within the market. Institutions are actively depleting their reserves on exchanges, indicating that the unavailable Bitcoin supply is on the rise. This marks the first bull market for Bitcoin, where exchanges see consistent outflow of reserves. As the market evolves, understanding the behavior of these large holders can offer critical insights. Investors should pay attention to these trends as they unfold. This peculiar market dynamic underlines the resilience and interest in Bitcoin, even when prices fluctuate.
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