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# Bitcoin Magnates Disposed of 25,740 BTC in One Week, But It’s Not That Obvious
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On-chain market performance on the Bitcoin (BTC) network hints that magnates have been unloading the cryptocurrency in bulk over the previous week. These vast holders have discarded 25,740 BTC into the Bitcoin market. This is according to the newest statistics from the crypto analytics platform IntoTheBlock.
## Magnates Cash Out, Retail Investors Take Action
Notably, magnates possessing between 10,000 and 100,000 BTC were the key forces behind the upsurge in Bitcoin selling over the previous week.
This specifies that Bitcoin magnates are capitalizing on current price instability to sell off some of their possessions. Their actions may have added to the continuous market decline, with some magnates, inactive for three years, waking up to sell their Bitcoin on the Binance exchange.
Interestingly, despite the considerable selling by some Bitcoin magnates, on-chain data reveals that more addresses are accumulating Bitcoin than selling it.
> Addresses possessing between 10,000 and 100,000 BTC were the main sellers in this decline, selling 25,740 BTC in the last 7 days.
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> Despite this, overall on-chain data displays a net accumulation of Bitcoin addresses, implying that many traders are capitalizing on the lower prices to increase… social media.
IntoTheBlock implies that ordinary shareholders perceive the ongoing market downturn as a prime chance to grab some Bitcoin while it is inexpensive. Essentially, they consider it an opportune moment to procure the plunge!
