The white sun sets behind the mountains, the Yellow River flows into the sea. To exhaust a thousand miles of vision, one must climb one more floor.
KZG Crypto 口罩哥
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Institutional Buying Against the Trend Exposed: Strategy and BitMine Spend Hundreds of Millions During the Plunge
Last Friday, the crypto market experienced a historic plunge and liquidation, but on-chain data and company announcements show that institutional investors did not panic and instead seized the opportunity to 'buy the dip.' This behavioral pattern is worth noting for all traders.
In the market panic sell-off on October 11, retail and highly leveraged traders suffered heavy losses, but the behavior of institutional investors showed a completely different side. Multiple listed companies and on-chain data indicate that large entities viewed this plunge as a strategic buying opportunity.
Bitcoin's largest corporate holder, Strategy Inc., resumed its purchasing rhythm after a week-long pause. Company announcements show that it increased its holdings by approximately $27.2 million for 220 BTC, with an average price of about $123,561. As of October 12, the company's total holdings have reached 640,250 BTC.
Semler Scientific increases holdings by 210 BTC, total holdings reach 4,846 BTC
According to BlockBeats, on July 17, the US-listed company Semler Scientific increased its holdings by 210 BTC, currently holding a total of 4,846 BTC.
Bitcoin has risen in a shrinking volume in the past two days, and the rise is unhealthy. At the same time, most altcoins have risen several times, and the risk of falling is high. It is better to make less money than to be trapped.