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The biggest whales in the Bitcoin ecosystem accumulated approximately $1.3 billion worth of Bitcoin in just one day.

According to the information shared by the blockchain analysis firm IntoTheBlock, Bitcoin whales may be “finally starting to buy from the bottom.”

Bitcoin whales, who control more than 0.1% of the total circulating Bitcoin supply, accumulated 19,760 Bitcoin in their wallets in just one day.

It was stated that the average purchase price per unit for giant whales was approximately $62,500.

The IntoTheBlock team said, “Historically, the Bitcoin price has often seen an increase after these addresses accumulate.”

Bitcoin, which successfully completed its fourth halving today, has not yet shown significant volatility and is trading just below $64,000.

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