A large crypto whale, who already holds over 10,000 Bitcoins worth $681 million, has decided to accumulate even more BTC despite being at a significant loss due to the current price of Bitcoin remaining below $63,000. The whale recently acquired 750 Bitcoins at a cost of $46.8 million from Binance, marking their first transaction in six months. The whale has lost roughly $46 million on their Bitcoin holdings. This whale's accumulation is not unique, as there has been an increase in the number of addresses holding over $1 million worth of BTC recently. Bitcoin has seen a total of $109.96 billion in whale transactions over the past week, suggesting increased whale activity as the broader crypto market gains bullish momentum. Data also shows a net outflow of BTC from centralized exchanges, indicating an accumulation trend as the market-wide selloff slows down. Bitcoin's price is currently at $62,400, down 0.3% in the past 24 hours, with a market cap above $1.2 trillion and a daily trading volume of $27 billion.



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