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This whale makes the most of ‘buy the dip’ frenzy, acquires over 2700 Bitcoin in a day
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Bitcoin has been recovering since 4 December, after reaching a local low of $42,000. In fact, it has increased by more than 6% in the last 24 hours. Thus, indicating that the market is becoming more optimistic. At the time of writing, the king coin was trading at $51,373, up by 8.5% in the last 24 hours.
Interestingly, the recovery back above $50,000 was an unexpected move by a majority of the holders, according to social sentiment indicators like the Fear and Greed Index. Well, it is worth noting that whales have played a prominent role in providing strong support to the bulls.
Recently, the third-largest BTC whale accumulated more than 2,700 coins for a total of $136.7 million in a day as the cryptocurrency spiked above $50,000 on 7
Read more on ambcrypto.comAbout this in other media
Bitcoin, Ethereum face largest correction since 19 May; is it time to buy the dip ambcrypto.com /2 years ago
The bigger picture: What does El Salvador’s Bitcoin city mean for the global crypto market? economictimes.indiatimes.com /2 years ago
Bitcoin Capital launches actively managed Bitcoin, Ether ETPs on SIX Swiss Exchange ambcrypto.com /2 years ago
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