๐ Bitcoin Enthusiasts, Rejoice! ๐
The crypto market has been buzzing since the market dip on August 5, and Bitcoin (BTC) is at the heart of the action! On-chain analytics platform Lookonchain reported that Binance saw a whopping net inflow of $2.4 billion, with retail and institutional investors alike buying the dip. ๐ฐ
Stablecoins like USDT and USDC made up the majority of these inflows, indicating strong market confidence. Institutions are also jumping in, with Cumberland receiving significant stablecoin transfers to major exchanges.
BTC's resilience is evident as entities holding between 10 and 1,000 BTC rapidly accumulated during the dip. As of now, Bitcoin has reclaimed $57,500, showing its robust recovery potential. ๐
Stay tuned, BTC lovers! The future looks bright! ๐