Bitcoin plummets, whales buy at the bottom against the trend, cashing out tens of millions of dollars

At a time when the Bitcoin and cryptocurrency markets are generally experiencing a sharp decline, an enterprise-level "whale" investor chose to go against the trend and decisively bought Bitcoin worth up to $70 million when the price of Bitcoin was close to $60,000.

According to a message released by the chain data analysis account Lookonchain on July 3, this corporate "whale" is closely watching the decline of Bitcoin and waiting for an opportunity to act. Specifically, the company purchased 1,162 Bitcoins, involving $69.56 million. At the same time, a newly created wallet withdrew the same amount of Bitcoin from Binance. Both wallets were created 6 days ago and had been tested with Binance. This move undoubtedly attracted widespread attention in the market.

On the other hand, today's Blockchain records show that an investor chose to sell his Bitcoin holdings at this time, with the number exceeding 2,000. The investor first sold 1,023 bitcoins in two transactions, and then sold another 141.2 bitcoins. His cashing out behavior was in sharp contrast to the overall downward trend of the market.

In summary, despite the recent volatility of the Bitcoin and cryptocurrency markets, there are still corporate-level "whale" investors who choose to go against the trend and buy at the bottom, while some investors choose to cash out and leave the market, and the market is fiercely competitive between long and short sides. #VanEck提交首个SolanaETF #美联储何时降息？ #Mt.Gox将启动偿还计划 #德国政府转移比特币 $BTC $ETH $BNB