More Than $20 Billion Worth of BTC Offloaded by Whales Never Bought Back - BitcoinEthereumNews.com
อาร์มัน ชิรินยาน These whales dropped their holdings but never purchased them back, but heres why it might be bullish เนื้อหา Whales dropping their holdings Whales buying back Bitcoin reaching an all-time high back in November was a moment of euphoria when the entire market got ready for the first cryptocurrency reaching $100,000 in a matter of a week, but the largest crypto holders did not think so. Whales dropping their holdings According to data from Glassnode, the number of wallets holding 1,000 or more BTC on their addresses has rapidly dropped after the first cryptocurrency almost reached $70,000. Such a large drop in the number of addresses confirms that whales dropped the majority of their holdings on retail traders back at ATH. Previously, whales took massive profits in the summer when Bitcoins price plunged below $30,000. But at the same time, due to a sudden inflow of funds from both private and institutional investors, the market was able to swiftly retrace and reach new highs. Whales buying back Approximately 500 addresses that were previously holding more than 1,000 BTC sold did not buy back any of their coins during the current downtrend on the market. This fact confirms that there is still plenty of Bitcoin supply in the hands of
