caueconomy
Whales Swallow Bitcoin During Price Drop đĽ
While the price of Bitcoin remains almost 50% below its peak, wallets holding between 1,000 and 10,000 Bitcoins have just accelerated their buying at the fastest pace in months. This group of large holders has accumulated almost 48,000 Bitcoins in the last 30 days alone. The total balance of this cohort has returned to the same level as before the February drop, 3.09 million Bitcoins, even with the price much lower now. This is the type of institutional trading pattern. Instead of waiting for the "perfect moment" to buy at the "eye of the fly," they accumulate during weakness and distribute during euphoria. Everyone wants to be a whale, few want to trade like them.