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Bitcoin whales in accumulation phase with BTC halving just a week away

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Apart from the direct impact on supply, BTC halving also impacts miners responsible for transaction verification and adding new blocks to the blockchain

) whales have been acquiring a significant amount of BTC over the past week. With just a week left before the fourthAccording to data shared by crypto analytic firm CryptoQuant, the growth in demand from Bitcoin whales has never been stronger.

Historically, each bull run has started months before the halving in anticipation of the reduced BTC supply. Post-halving, the price of BTC rises multifold due to the decreased supply and widening supply-demand imbalance.

 

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