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Last week, the price of Bitcoin rose by more than 12%, reaching $96,500. This exceeds the average purchase price of "short-term whales" — large holders who acquired Bitcoin in the last six months.
CryptoQuant analyst JA Maartunn told BeInCrypto that this category of investors broke even at the mark of $90,890. Now they are in profit and less inclined to sell, which adds stability to the market.