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Question #585

Why are large whale holdings around 96,000 dollars important for understanding Bitcoin market volume?

Category: General
They track regulatory compliance measures for Bitcoin wallets under state jurisdiction annually
They reflect decentralized exchange liquidity algorithms determining arbitrage opportunities constantly globally now
They reveal mining pool reward schedules influencing block confirmation speeds daily precisely
They indicate substantial buying pressure and support at that key price level

Why is this the correct answer?

This is correct because large whale holdings around $96,000 show where major investors are accumulating. For beginners, recognizing whale activity helps explain volume patterns: if big holders buy or hold at a price, it can create a support zone that prevents further declines and reflects strong demand at that level.

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