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Increased Bitcoin Whale Accumulation Could Have This Impact on BTC in Q1 2023

Increased whale activity since the commencement of the new trading year has led to a 26% growth in the price of Bitcoin [BTC], as per a 14 January tweet from Santiment.

According to the on-chain data provider, the count of BTC whales holding 100 – 1,000 BTCs rallied by over 3% in the last two months. At press time, the count of this cohort stood at 14,110 whale addresses. 

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