Forty newly created addresses withdrew 9,458 BTC worth about $771.5 million from Wintermute since October 1, according to Lookonchain. This accumulation extends CryptoQuant’s finding that whales resumed buying after months of selling and now hold just over three million BTC. Large investors were also said to have purchased nearly 89,000 BTC in a single month. Despite these purchases, Bitcoin was rejected at $87,000, fell below $80,000 before rebounding to $85,000, and then lost more than $3,000 in 36 hours amid a deteriorating macroeconomic environment.
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