CryptoQuant: Whale Activity on the Rise as Institutions Buy Bitcoin at the Dip ๐
๐ The second largest institutional #Bitcoinโ accumulation of 2024 is happening now!
๐ Despite last week's panic among novice #investors , who sold coins purchased 1-3 months ago, institutional players are seizing the moment. The largest accumulation since March has been recorded.
๐ Early 2024 saw intense institutional accumulation with #BitcoinETFs , primarily by the funds issuing them.
๐ Last week, around 101.6k $BTC were accumulated, with low ETF fundraising and falling prices. Unlike March, this isn't just about fundraisingโit's a genuine "buy the dip" moment for big players. ๐
๐ก Savvy whales are taking advantage of the market's fear, indicating strong confidence in Bitcoin's future.
