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Bitcoin Price Recovery Lacks Whale Participation, Onchain Data Show

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Blockchain analytics firm IntoTheBlock’s “large holder netflow” indicator shows that addresses owning at least 0.1% of BTC’s circulating supply have added just over 3,000 BTC ($198 million) today. That’s significantly less than the net inflow of nearly 80,000 BTC ($5.3 billion) seen a day after March 20’s dip below $61,000.

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