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On-chain data tracked by investment platform Pluang shows large Bitcoin holders accumulated more than 30,000 $BTC over the past week, a buying pattern the firm says underpins a bullish price outlook.
The accumulation, attributed to so-called whale wallets, represents a meaningful shift in positioning that analysts have cited as a constructive signal for the market.
What the On-Chain Data Shows Pluang's report centers on wallet-level accumulation rather than exchange announcements or corporate disclosures.
Whale wallets — typically defined as addresses holding large quantities of Bitcoin — absorbed more than 30,000 BTC across the week in question, according to the firm's analysis.
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