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The variety of so-called whales or community entities proudly owning at the least 1,000 BTC jumped to 1,678 early this week, reaching the best since January 2021, in line with information tracked by Glassnode and Bitwise. The rising accumulation by massive holders alongside strong uptake for different autos, particularly the U.S.-listed spot ETFs, suggests rising confidence in bitcoin’s value prospects. In the meantime, retail investor accumulation has slowed, with the cryptocurrency’s value nearing $70,000, in line with analytics agency CryptoQuant.”Retail holdings have risen by simply 1K Bitcoin within the final thirty days, a traditionally gradual tempo,” analysts at CryptoQuant informed CoinDesk.
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