Top Bitcoin Whales Bought the Dip, Adding Over 6,000 BTC in a Day (2024)

Home » Crypto News » Top Bitcoin Whales Bought the Dip, Adding Over 6,000 BTC in a Day

Top Bitcoin whales have been buying the dip, adding over 6,000 BTC in a day, according to analysts.

It appears that the largest Bitcoin wallets are buying the dip during the current market pullback, adding upwards of 6,000 BTC in a day.

  • Analysts fromCryptoQuantsuggest that the largest Bitcoin wallets have been adding aggressively during the recent market downturn.
  • Per a recent post from Yu Shiuan Chen,

Retail investors and small whales sell BTC, but top 69 large whales buy the dip. We can see a slight increase in BTC exchange reserves during the last 7 days, but Top 69 large whales buy the dip, even today they bought more than 6,000 BTC (Net).

  • Analysts from the firm also concluded that “as a whole, most of the holders continue to HODL and traders continue losing their coins.”

In a short period, any movement to the downside is just noise.

  • At the time of this writing, bitcoin’s price is trading at around $43,400, down 4% for the day, while the majority of the market has largely followed suit.
  • Daily liquidations sit at $350 million, with the largest single order being a BTC perp on OKEx worth $4.38 million.
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Top Bitcoin Whales Bought the Dip, Adding Over 6,000 BTC in a Day (2024)
Top Articles
Latest Posts
Article information

Author: Saturnina Altenwerth DVM

Last Updated:

Views: 6363

Rating: 4.3 / 5 (64 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Saturnina Altenwerth DVM

Birthday: 1992-08-21

Address: Apt. 237 662 Haag Mills, East Verenaport, MO 57071-5493

Phone: +331850833384

Job: District Real-Estate Architect

Hobby: Skateboarding, Taxidermy, Air sports, Painting, Knife making, Letterboxing, Inline skating

Introduction: My name is Saturnina Altenwerth DVM, I am a witty, perfect, combative, beautiful, determined, fancy, determined person who loves writing and wants to share my knowledge and understanding with you.