21,400 BTC worth $1.40 billion shifted to accumulation addresses that have never spent funds
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That said, the movement of such a large volume of Bitcoin into these addresses might indicate a strategic decision by whales to hold onto their assets, anticipating future price increases., which will reduce the reward, and thus earnings, of Bitcoin miners. The event may hurt miners' performance, but it has traditionally set Bitcoin up for 300% or more rallies in the following months.
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