Bitcoin whales, including short-term holders, have increased their trading activity in recent weeks, with whale-to-exchange net flows sustaining an elevated inflow bias of 4.0k to 6.5k BTC/day. Mining pools, such as Poolin, are also driving Bitcoin activities in exchanges by selling large volumes of Bitcoin. Short-term holders dominate the market, with a trend of keeping assets for a maximum of 155 days, and are actively trading local market conditions. BTC is currently trading at $29,238, with outflows recorded in Bitcoin-related products after five weeks of consecutive inflows.
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