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Large Bitcoin Holders Increase Positions as ETF Investors Sell

(1 hour ago) · 1 source · Summarized by CryptoBipto

Reports indicate that large Bitcoin holders, often called whales, have been accumulating more Bitcoin in recent weeks. At the same time, investors in Bitcoin exchange-traded funds (ETFs) have been selling their holdings, resulting in daily net outflows from these products.

WHY IT MATTERS

In crypto, a "whale" is someone who holds a very large amount of a cryptocurrency — think of them like the biggest fish in the ocean.

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SOURCES

  • cryptoslate.com

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