Bitcoin Whales Accumulate $108M Worth of BTC as Price Dips

Bitcoin whales have started accumulating more tokens after the cryptocurrency’s price dipped below $9,500, according to data aggregator Santiment. Historical data shows that affluent crypto holders are trading bitcoin short-term to extract maximum profits. It suggests an interim price recovery could be underway but warns about a broader downtrend ahead. Ever since Bitcoin broke bearish below $9,500 on May 20, its demand among affluent crypto holders has surged modestly. Cryptocurrency analysis portal Santiment released data […]
Bitcoinist.com

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Author: toutiao