Bitcoin Whales Prepare for Halving Amidst Price Recovery Surge

Bitcoin price fluctuates wildly, rebounding to $70,779 after dipping to $67,568. Despite inflation concerns, BTC surpasses $70K, catching the attention of major players.

Notably, Bitcoin whales, holding 1,000 BTC or more, are aggressively accumulating, with demand growth hitting all-time highs. This surge indicates a potential parabolic rally ahead.

Data from CryptoQuant reveals that whale demand exceeds miner supply for the first time ever, setting the stage for a significant price surge post-halving.

With the upcoming halving on April 20 reducing miner rewards, coupled with the approval of U.S.-based spot BTC ETFs and potential approval in Hong Kong, Bitcoin scarcity could drive it to new heights.

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