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 <li>Market intelligence platform addresses whales accumulating stablecoins for massive crypto buys.</li> 
 <li>BTC reaches $30K, the long-awaited target amidst the US Dollar losing value.</li> 
 <li>Three macro higher low levels were spotted for BTC; it may form its next higher low.</li> 
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 Santiment, a market intelligence platform for cryptocurrencies reported that sharks and whales were ardently waiting for BTC to hit the 30K to 31K price range in order to make a massive crypto buy. In preparation for this massive buy, the whales were accumulating stablecoins such as Dai ($DAI) and Paxos Standard ($USDP).&nbsp; 
 Giving more insight with figures and numbers, Santiment stated that the whales have accumulated 2% of the entire supply of DAI since June 27, and 11% of the entire supply of USDP since July 2. 
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 <img decoding="async" width="2048" height="693" src="https://coinedition.com/wp-content/uploads/2023/07/Btc-654789.png" alt="" class="wp-image-307192" srcset="https://coinedition.com/wp-content/uploads/2023/07/Btc-654789.png 2048w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-300x102.png 300w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-313x106.png 313w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-380x129.png 380w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-768x260.png 768w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-1536x520.png 1536w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-696x236.png 696w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-127x43.png 127w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-159x54.png 159w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-255x86.png 255w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-795x269.png 795w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-440x149.png 440w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-414x140.png 414w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-326x110.png 326w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-377x128.png 377w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-328x111.png 328w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-144x49.png 144w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-123x42.png 123w, https://coinedition.com/wp-content/uploads/2023/07/Btc-654789-129x44.png 129w" sizes="(max-width: 2048px) 100vw, 2048px"> 
 <figcaption class="wp-element-caption"> BTC Price/Accumulation of DAI and USDP chart ( Source: <a href="https://app.santiment.net/s/If2Gn7xQ" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>) 
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 This accumulation comes at a crucial time <a href="https://coinedition.com/us-dollar-depreciation-could-spike-crypto-prices-says-analyst/" rel="noopener noreferrer nofollow">when the US Dollar is losing its value</a> which intuitively is supposed to add value to other markets like stocks, crypto, etc. Meanwhile, BTC seemed to have achieved the target that the whales and sharks were waiting for. At press time, BTC is trading at $30,382 with a decrease of 1.34% dur… 
 The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/btc-hits-ardently-awaited-30k-will-the-whales-start-the-buying-frenzy/">BTC Hits Ardently-awaited $30K, Will the Whales Start the Buying Frenzy?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.
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BTC Hits Ardently-awaited $30K, Will the Whales Start the Buying Frenzy?

Coin Edition

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