A large amount of Bitcoin ($3.57 billion worth) has been withdrawn from cryptocurrency exchange Bybit by an anonymous whale, causing speculation within the crypto community. Despite the recent price drop of Bitcoin below $70,000, on-chain data shows that whales, or large investors, continue to accumulate the cryptocurrency. Other whales have also made significant purchases of Bitcoin, totaling 2,780 BTC (almost $200 million) since November 1. The volatility in Bitcoin's price is believed to be influenced by uncertainty surrounding the upcoming U.S. elections.



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