đ¨â ď¸How did large BTC holders behave during the fall that occurred on August 4-5? Predictably, they bought more. According to #Santiment, whales bought 30,000 #BTC for about $1.7 billion during the market decline.
At the same time, short-term investors in BTC recorded a loss of $850 million as a result of the fall. If you did not sell during this dump, even if your coins are at a loss, in the long run you are still right.
According to #CryptoQuant , in general#BTChodlers continue to accumulate at a record pace and bought 404,448 BTC for $23 billion in a month. Commenting on this, #CryptoQuant CEO Ki Yoon Joo writes: âIâm pretty sure something is going on behind the scenes. This is a clear accumulation and we will know about it within a year." At the same time, according to analysts #CryptoQuant , despite the fact that BTC has restored key support in the $56,000 region, uncertain trading indicates the risks of a resumption of downward dynamics. If the $56,000 support does not work, the price may fall to $40,000.
Currently, whales own 368,696 "loss-making" BTC, bought in the range from $54,000 to $73,000, for a total of $20.6 billion.
CryptoQuant adds that against the backdrop of the collapse of the cryptocurrency market, trading volumes on CEX exchanges exceeded $55 billion, and trading volumes on ETFs exceeded $5 billion. $BTC
