Whales in the Bitcoin market made a splash by purchasing a significant amount of BTC, totaling over $2.8 billion, within 24 hours as the price dipped to $56,500. This surge in whale activity indicates growing confidence from institutional investors or high-net-worth individuals. Notably, these purchases are primarily from custodial wallets, not ETFs. Despite recent market fluctuations, long-term whales held onto their positions, leading to a market rebound, with Bitcoin surpassing $62,000. One notable whale, "Mr. 100," bought 4,100 BTC worth over $242 million, signaling a bullish outlook on Bitcoin. #BitcoinWhales #CryptoNews

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