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Bitcoin’s 30% recovery in two weeks has BTC whales back in accumulation mode -Breaking

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© Reuters.

(BTCThe so-called “whale” addresses that have at least 1,000 BTC are ( You have started to accumulate more tokensDuring the market recovery. According to Coin Metrics data, the supply at these addresses stood at 8.096 MTC on February 10, compared with 7.95 Million on January 24.

The buying sentiment among the richest crypto investors picked momentum during Bitcoin’s recovery in the past two weeks as BTC rebounded from its 2022 low of $33,000 on Jan. 24 to around $43,500 on Feb. 11.

Source: Bitcoin supply to addresses exceeding 1,000 BTC Source: Coin Metrics. Messari
Bitcoin on-chain divergence. Source: Ecoinometrics and Coin Metrics
From February 4, 2022 to Feb. 4, 2022 net flows into digital assets Source: CoinShares and Bloomberg
Bitcoin risk aggregate level Source: Ecoinometrics
Bitcoin volume profile. Whalemap