Bitcoin’s (BTC) market dynamics have stirred up significant discussion, particularly regarding the actions of major holders, commonly known as “whales.” Contrary to the expected trend of accumulation, Bitcoin whales have been reducing their positions, and their recent strategies appear to be contributing to increased volatility in the market.
Recent Whale Activity and Market Impact
On September 2, 2024, Bitcoin experienced a notable bounce, rising over 3% amid speculation that whales were accumulating BTC.·
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