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Bitcoin whales could prevent BTC price first monthly loss of 2023 through this move
Bitcoin price is inching towards the first monthly loss of 2023. At press time, BTC price is 4.4% below $29,233, its price on May 1. If BTC fails to regain lost ground, the asset is in for its first monthly loss of the year. Bitcoin network’s large wallet investors could potentially fuel a recovery in BTC price before it charts its first negative month in 2023. Bitcoin whale accumulation and declining exchange supply: Typically, accumulation by large wallet investors and a decline in the supply of the asset across cryptocurrency exchanges are both considered bullish signs for BTC price. Throughout May, whales ... (full story)