The price of Bitcoin has dropped to $61,000, meaning the market has been in a continuous decline for the past 3 days.
In the cryptocurrency sector, it can be seen that both physical and derivatives trading volumes have decreased due to concerns about the overall economic situation. The views of officials from the Federal Reserve have raised questions about whether interest rates can remain high.
Bitcoin whales are buying at this time. Data from online data platform Santiment shows that in the price range of $61,000 to $64,000, large investors began accumulating BTC within the past 24 hours.
Investor groups owning between 1,000 and 10,000 BTC purchased an additional 15,000 BTC, estimated to be worth $941 million. Even though the price dropped to $62,000, the “whales” continued to accumulate with no signs of abating.
