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Glassnode Unveils Massive Whale Accumulation of Bitcoin in Spite of Rising BTC Price – The Daily Hodl

New analysis from crypto intelligence company Glassnode is revealing massive whale activity amid Bitcoin’s meteoric ascent this year.

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New analysis from crypto intelligence company Glassnode is revealing massive whale activity amid Bitcoin’s meteoric ascent this year.
The on-chain analytics platform looks at Coinbase, which it labels as the preferred venue of US institutions to accumulate BTC, to show the rapidly dwindling Bitcoin balance on the crypto exchange.
According to Glassnode, whales started to heavily accumulate Bitcoin in December 2020 as BTC threatened to take out the previous all-time high of $20,000.
“We can see that…

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