Cryptocurrency
Bitcoin whales make a comeback: is the new BTC floor in?
quick take
- At the end of March crypto slate We analyzed that whales are offloading bitcoin while all other cohorts are accumulating.
- In addition to accumulating from other cohorts, Shrimp actively bought bitcoin. crypto slate.
- But only in late 2022 and early 2023 do whales start accumulating, albeit cautiously.
- As you can see, the whale bought value in June 2022 and November 2022, buying aggressively, and surrendering occurred in both cases.
- Since the SVB collapsed in mid-March, the general trend has been for the network to accumulate.
- Does this assume a bottom or value in the $30,000 range?
Post Bitcoin Whales Make a Comeback: Will There Be a New BTC Floor? First Appeared on CryptoSlate.