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Analysis Company Says Whales Are Very Active in Bitcoin, Shares What They Expect

Analysis Company Says Whales Are Very Active in Bitcoin, Shares What They Expect
Leading cryptocurrency analytics firm, Santiment, has reported a significant increase in BTC whale activity during the recent surge in Bitcoin's price. Bitcoin whale transactions hit a 10-week high, and the analysis also highlighted a shift in social media discussions, with Bitcoin dominating discussions on altcoins. However, Santiment warned that these developments could signal a temporary halt to the rally, with profit-taking and FOMO potentially causing a short-term correction. Nonetheless, the firm remains optimistic about Bitcoin's medium- to long-term prospects.

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