Buy the Dip: Bitcoin Whales Accumulated Over $2.36 Billion in $BTC After Price Drop

Buy the Dip: Bitcoin Whales Accumulated Over $2.36 Billion in $BTC After Price Drop

Bitcoin whales, defined as addresses or clusters of addresses holding between 100 and 10,000 $BTC, have reportedly accumulated a whopping $2.36 billion worth of the flagship cryptocurrency after its price started dropping, data shows. According to cryptocurrency analytics firm Santiment, bitcoin whales accumulated about 40,000 BTC when bitcoin’s price dropped to a $56,000 low last week. Considering bitcoin is now trading at around $59,000 per coin, whales have accumulated well over $2.3 billion of the cryptocurrency. According to Santiment, whales took advantage of a price drip driven by bearish sentiment to keep on accumulating more BTC. As Daily Hodl reports, the cryptocurrency analytics firm has revealed in a recent report that BTC’s supply keeps moving off of exchanges, which is seen as a positive sign for the market. Investors moving …
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