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On-chain data shows worrying signals from large BTC holders. Addresses with balances between 1,000 and 10,000 BTC have reduced their holdings by 220,000 BTC over the past year. This is the fastest decline in holdings since the beginning of 2023.
It's possible that large wallets are anticipating a further decline before they start buying again.
What do you think about this? Write comments under this post.