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BTC whales have locked in a large amount of profits this year, with the supply from addresses holding more than 1000 coins decreasing by over 500,000 coins, yet the market has not weakened as a result; instead, it has steadily risen.
There is only one reason: the influx of new funds from institutional investors has supported strong demand. The dominance of Bitcoin is gradually shifting from traditional whales to institutional funds.
In the long run, this round of institution-driven market trends is more stable, healthier, and more promising.