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Philip Swift, founder of Look Into Bitcoin, has said that approximately 5,000 BTC that had been "hibernating" for the past 7-9 years have started to move, referring to data from the Whale Shadows indicator.

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According to the blockchain tool's description, historically, such bursts of activity have preceded significant corrections, as can be seen in the chart attached to the tweet.

Bitcoin is currently trading around $20,000. Over the last seven days, its price is down about 4%, whereas the total market capitalization of cryptocurrencies is about $1 trillion.

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