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Bitcoin Whales Accumulate More BTC Despite Price Drop

Bitcoin whales have continued to accumulate more BTC even as the cryptocurrency's price has fallen by 10% since April 9, according to analysis by Santiment. This trend runs counter to previously observed patterns, where heightened whale accumulation has coincided with bull runs or following a market low. Market analysts closely watch the behavior of Bitcoin whales, and their patterns are often incorporated into price predictions. The rate of whale accumulation could impact demand for BTC, potentially pushing the price up.

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