🎁🎁Did You Panic After the Drop in Bitcoin? Whales Are Buying 🎁🎁
While the recent price drop led some investors to panic sell, others chose to buy, seeing it as an opportunity.
According to Lookonchain data, after the price of Bitcoin fell 6 hours ago, 6 newly created wallets accumulated a total of 952 BTC (approximately $83.7 million).
These purchases show that investors who act strategically during downturns tend to buy Bitcoin at lower prices. Market analysts point out that such large purchases may be an indicator of long-term bullish expectations of major players. This high BTC accumulation seen in newly opened wallets reveals that the buy-from-the-bottom strategy is still strong in the crypto market.
With the fluctuations in Bitcoin prices, investors are forced to choose between panic selling and buying opportunities at the bottom. However, such large purchases can be a significant support element for the market.
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