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Glassnode released a new research report on the activity of Bitcoin whales, which are generally considered to be a key factor that has a huge impact on the price of Bitcoin. According to the research report of galssnode, in recent months, the activity of giant whales has risen sharply. Through the changes in the balance of entities on various chains, it is found that giant whales are one of the main groups interacting with exchanges in recent weeks, and the transactions of giant whales flowing into exchanges The volume accounted for a large proportion, reaching 41% of the total. Many of this group of whales were short-term holders, and Bitcoin's first attempt to breach the $30,000 mark in mid-April caused most wallets to enter a sell-off that lasted until mid-June before the sell-off trend slow down.
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