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High Exchange Whale Ratio (EWR) Sparks Concerns Over Bitcoin Price Decline

Bitcoin’s recent increase in Whale activity, as shown by the increase in the Exchange Whale Ratio ( EWR), highlights the possibility of increasing selling pressure in the future. Even though there is an increase in Whale activity, many Bitcoin holders are still profitable and Bitcoin’s market dominance has increased, which is now sitting at 60%. Whether the Bitcoin price will stabilize in the future or will continue to face downward will depend on these trends.

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