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Maynuddin Tuhin Joy
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Whales Dumped Billions in Bitcoin Despite Price Surge
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đšFinally launching its highly anticipated X token on October 24.đ§
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#ULTIM #altcoin #BNB $ULTIMA is on a strong uptrend after confirming support at $5,300. The cryptocurrency is now targeting $9,868 in the near future, with the influence of $BNB being crucial for maintaining this momentum. $ULTIMA has already demonstrated its potential, delivering 110% gains in its previous rally. #BNBAnalysis $BNB
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Whales Dumped Billions in Bitcoin Despite Price Surge Key Points: * Massive Sell-Off: Despite Bitcoin's impressive price rally last week, from $54,000 to $66,000, large institutional investors (whales) sold a substantial amount of BTC. * Scale of the Dump: The total value of the sold Bitcoin exceeded $4.2 billion, representing more than 70,000 BTC. * Market Impact: While the exact reasons behind this whale dumping remain speculative, it could have contributed to market volatility and potential price corrections. Additional Considerations: * Profit-Taking: Whales might have been taking profits after the significant price increase. * Risk Management: Some investors may have been adjusting their positions to manage risk or rebalance their portfolios. * Market Sentiment: The whale dumping could have influenced overall market sentiment, potentially leading to a short-term price pullback. Conclusion: The recent whale dumping of Bitcoin highlights the dynamic and unpredictable nature of the cryptocurrency market. While the short-term impact may be uncertain, it serves as a reminder of the potential risks associated with investing in cryptocurrencies. #BTCUptober #BTCâ $BTC
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