โ ๏ธโญ๏ธ๐จBitcoin whales are buying the dip, a common strategy for these large investors. $BTC ๐โคด๏ธ๐ช
According to IntoTheBlock, whales have added 19,760 BTC ($1.2 billion) to their holdings. Another analyst reported that whales accumulated 30,000 BTC ($1.62 billion) in just 48 hours.
However, a closer look reveals that long-term holder supply metrics don't necessarily indicate new accumulation. Instead, they show short-term holders becoming long-term holders, maintaining the status quo.
Whales' buying activity can impact market sentiment and drive price movements. Their actions are closely watched by investors and analysts.
โ ๏ธHere's the explanation with emojis:
Bitcoin Whales Buying the Dip ๐ณ๐ธ
Added 19,760 BTC ($1.2 billion) to holdings ๐
30,000 BTC ($1.62 billion) accumulated in 48 hours ๐
But, is it really new accumulation? ๐ค
Long-term holder metrics reveal short-term holders becoming long-term ๐
Whales' actions impact market sentiment and price movements ๐๐