Whales Accumulate 240,000 BTC as Exchange Supply Plummets
Recent on-chain data reveals that the Bitcoin spot exchange inventory, which previously had been consolidated, is now following a new trajectory. Analysts noted that whales have accumulated a substantial 240,000 BTC, indicating a shift in market dynamics. The recent plunge in spot exchange supply suggests that major players are making strategic moves. This change could influence the supply-demand balance within the market. As these developments unfold, understanding the actions of whales becomes essential for assessing future market behavior.
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