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<p class="is-style-lead">Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="URL" data-id="https://crypto.news/price/bitcoin/">BTC</a>) has witnessed significant falls over the past month. With the many BTC-related exchange-traded funds (<a href="https://crypto.news/tag/etf/" data-type="URL" data-id="https://crypto.news/tag/etf/">ETF</a>) filings, the digital gold broke the $30,000 barrier while taking the broader market in green.</p> 
<p>Data shows that the current bull run gained traction as the bitcoin whale transactions reached three-month highs. According to data provided by the market intelligence platform Santiment, whales have moved 259 transactions worth at least $1 million each.</p> 
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   <p lang="en" dir="ltr">🐳 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a>'s whale transactions hit its highest hour in over 3 months, as 259 transactions exceeding $1M in value occurred on the <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> network just 2 hours after its price exceeded $30.6k. Volume likely needs to continue rising to justify more growth. <a href="https://t.co/N5jkXCws6R" target="_blank">https://t.co/N5jkXCws6R</a> <a href="https://t.co/DrFo4avE0a" target="_blank">pic.twitter.com/DrFo4avE0a</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1671639837496197120?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 21, 2023</a>
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<p> You might also like: <a href="https://crypto.news/binance-unveils-local-crypto-exchange-in-kazakhstan/"> Binance unveils local crypto exchange in Kazakhstan </a> </p> 
<p>Per Santiment, the transactions came around two hours after the bitcoin price surpassed $30,600. The market intelligence platform says the whale activity hit a three-month high, and the flagship crypto asset still has a high chance to rise.</p> 
<p>Bitcoin is up by 4.2% in the past 24 hours and trading at $30,162 at the time of writing. The asset’s 24-hour trading volume has also risen by 20% and currently stands at the $30 billion.</p> 
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  BTC price – June 22 | Source: Trading View
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<p>Moreover, the bull run comes as the short-term holders raise their wallets. According to data provided by Glassnode, the number of bitcoins that have been HODLing between one and three months is down to 1,450,066.708 BTC, marking a one-month low.</p> 
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   <p lang="en" dir="ltr">📉 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> Amount of Supply Last Active 1m-3m (1d MA) just reached a 1-month low of 1,450,066.708 BTC<br><br>View metric:<a href="https://t.co/zuEFeQYl2M" target="_blank">https://t.co/zuEFeQYl2M</a> <a href="https://t.co/e9KV1LeOin" target="_blank">pic.twitter.com/e9KV1LeOin</a></p>— glassnode alerts (@glassnodealerts) <a href="https://twitter.com/glassnodealerts/status/1671748684248121345?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 22, 2023</a>
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<p>The amount of the short-term held BTC reached a local top on June 14 when the asset plunged to around $24,800.</p> 
<p>Furthermore, the marketwide bull run comes a week after the popular asset manager BlackRock partnered with Coinbase custody to file for a BTC ETF. Per a <a href="https://crypto.news/blackrock-nears-bitcoin-etf-filing-partnering-with-coinbase-custody/">report</a> on June 15, the company is worth more than $9 trillion.</p> 
<p>Following BlackRock, investment and asset management companies have been considering bitcoin ETFs. <a href="https://crypto.news/invesco-submits-new-spot-bitcoin-etf-application/">Invesco</a>, <a href="https://crypto.news/asset-manager-wisdomtree-files-bitcoin-etf-application/">WisdomTree</a> and <a href="https://crypto.news/fidelity-may-be-considering-a-bitcoin-spot-etf/">Fidelity</a> have also considered entering the crypto markets.</p> 
<p> Read more: <a href="https://crypto.news/federal-reserve-chair-powell-emphasizes-need-for-strong-oversight-of-us-stablecoins/"> Federal reserve chair Powell emphasizes need for strong oversight of US stablecoins </a> </p>

Bitcoin breaks the $30k mark as whales move in

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