Large Bitcoin wallets reach pre-FTX levels – What it means for BTC

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Bitcoin addresses holding 1,000 or more BTCs are picking up more BTCs and are gradually returning to the pre-FTX level.

has recently seen a rise in its price and the volume held by some addresses. This increase is significant as it approaches levels last seen before the FTX crash.

Despite subsequent declines, as of the current writing, it was around 2,019. Moreover, with the ongoing growth of these wallets, they are steadily approaching their pre- The trend in TVL showed an uptick around February, reaching as high as $1.3 billion in April before experiencing some subsequent declines, leading to the current volume.

 

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