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Bitcoin’s price has been on a clear uptrend since the lows of March at $3,500. Data shows that despite the growing cost, the number of BTC whales (entities holding more than 1,000 coins) has increased. This suggests that there is an increase in high net-worth individuals dabbling in the space. This is a positive sign as it indicates a consistent flow of capital into Bitcoin and the broader crypto-asset market. Other on-chain trends also indicate
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