🚀🚀Buying Opportunity Today According to Bitcoin Whales: They Collect As The Price Drops! 🚀🚀
Bitcoin (BTC) whales are treating significant corrections in its price as a buying opportunity ahead of a new all-time high (ATH).
On-chain analysis platforms Lookonchain and Spot On Chain announced that Bitcoin whales accumulated during the day following the decline after $ 70 thousand. The decline in Bitcoin price to $65,900 seems to have spurred whales into action.
The whale address starting with “12QVsf” added 4,500 BTC from Binance wallets in the last 22 hours, equivalent to approximately $302 million, at an average of $67,298. 3,500 BTC of this addition was made after the price drop.
Additionally, 3 wallet addresses, possibly belonging to the same person or institution, withdrew 1,400 BTC worth $94 million from Bitfinex when the Bitcoin price was $67,185. The same wallets received 2,510 BTC worth $163 million from Bitfinex on June 20 at an average price of $65,764.
These developments show that Bitcoin whales see such large corrections in prices as a buying opportunity and add to their portfolios, thus targeting higher prices.
At the time of writing, Bitcoin price is trading around $66,840.
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