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Bitcoin Whale Count Shrinks- Speculators Assume Trickle Distribution or Possible Address Reorganizations

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

The price of bitcoin has seen better days, as the coin’s value hit $59,600 four days ago and then saw the exchange rate tumble to a low of $45,700 per unit on May 12. There have been talks of whales selling coins and data shows that there’s been some large wallet inflows. However, onchain data shows that the whales are either dispersing funds into multiple wallets or bitcoin is being distributed more evenly to smaller fish. Number of Bitcoin Whales With 1K Bitcoin or More Declines, Sharks, Dolphins, and Small…

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Bitcoin Whale Count Shrinks- Speculators Assume Trickle Distribution or Possible Address Reorganizations was first posted on May 14, 2021 at 4:03 pm.
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