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Analyst: Over the past year, BTC whales have locked in significant profits, but strong demand from new entrants has supported the market's continued growth
BlockBeats News, July 31, CryptoQuant analyst Axel released data on social media stating that over the past year, large holders have locked in significant profits. Whale addresses holding over 1000 bitcoins have decreased by 502,000 bitcoins, while institutional investor demand has supported market resilience and continued growth. Essentially, over the past year, we have consistently observed strong demand for tokens from newly-entered funds.
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