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Whales Accumulate $1.9B in BTC in 18 Days

Bitcoin whales have accumulated approximately 1.9 billion dollars worth of BTC over the course of 18 days, according to recent reports. These large holders of Bitcoin, commonly referred to as “whales”, are individuals or entities that hold significant amounts of the cryptocurrency. The accumulation was observed during a time when Bitcoin’s price experienced a drop from $64,000 to below $50,000.

The increase in accumulation by these whales may suggest confidence in the long-term potential of Bitcoin despite its recent price volatility. It is also worth noting that this accumulation could potentially lead to a decrease in the circulation of Bitcoin in the market, which could potentially drive the price of the cryptocurrency higher.

As of May 1, 2023, the price of Bitcoin is currently at $98,000, a significant increase from its price in the report. However, it is important to note that cryptocurrency prices are highly volatile and subject to change rapidly.

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