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CryptoGlobe 2024-07-13 00:55:00

Institutional Bitcoin Buying Frenzy: Large Players Accumulate $5.8 Billion in BTC Amid Price Collapse

While the price of Bitcoin has recently plunged to a low slightly above the $53,000 mark before it started to recover, institutional investors have entered their “second-largest” accumulation process of the year, acquiring more than $5.8 billion worth of BTC in a week. According to a recent blog post from on-chain analytics platform CryptoQuant, institutional

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