Bitcoin

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<p>Bitcoin's price has <a href="https://twitter.com/100eyesCrypto/status/1755291133268185150" rel="noopener noreferrer nofollow">climbed</a> back above $44,500, prompting a robust resurgence in the cryptocurrency market.&nbsp;</p>
<p>This latest price surge comes on the heels of notable activity from Bitcoin whales, who have significantly impacted the market dynamics.&nbsp;</p>
<h2 id="big-whale-moves">Big whale moves&nbsp;</h2>
<p>SpotOnChain <a href="https://twitter.com/spotonchain/status/1755423773279547821" rel="noopener noreferrer nofollow">reported</a> that two fresh whales withdrew a combined total of 2,320.2 BTC, valued at approximately $100 million, from Binance at $43,107. This happened shortly before the market witnessed a price surge.&nbsp;</p>
<p>This move resulted in an estimated profit of $3.49 million, marking a 3.49% gain.&nbsp;</p>
<h2 id="caution-ahead">Caution ahead&nbsp;</h2>
<p>Despite the current optimism, the outlook for Bitcoin remains uncertain, especially with the anticipated halving event in April.&nbsp;</p>
<p>Recent data indicates a decline in the amount of Bitcoin held by miners, a potential signal of headwinds for Bitcoin's price.&nbsp;</p>
<p>Miner reserves have decreased by 8,400 tokens since the start of 2024, dropping to levels last seen in June 2021.</p>
<p>This sell-off, which is aimed at bolstering balance sheets and funding growth ahead of the expected decline in mining rewards, underscores the challenges that miners are facing.</p>

Bitcoin Zeroing in On $45,000 Price Tag

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