In the heavy cryptocurrency market crash, whales are buying bitcoins
Evidence suggests that the largest bitcoin hoodlums (BTCs), also known as bitcoin whales, are aggressively buying this leading cryptocurrency amid recent price corrections. This fact increases the optimism that the recent sales pressure will end in the not too distant future.
Recent Glassnode data suggest that Anthony Pompliano recently concluded that bitcoin whales, which hold between 10,000 and 100,000 BTC, bought 12,2588 BTC at the height of the market crash on Wednesday. Have. Most of the traffic generated by cryptocurrencies came from the United States, while the premium queen base reached 3,000 BTC at some point.
According to Bloomberg, several hedge funds have also confirmed that they have bought the currency as prices fall. Other companies that have purchased significant amounts of bitcoins during this period include the two major British companies MVPQ Capital and ByteTree Asset Management and Three Arrows Capital in Singapore.
"Three Arrows Capital co-founder Kyle Davis told Bloomberg:
"Those who took out loans to invest were automatically excluded from the system. Whenever we encounter a high volume of liquidation in positions, we get a chance to buy. "It's not surprising if Bitcoin and Atrium make up for the total price drop in a week."
Another unidentified bitcoin whale, which sold 3,000 bitcoins for $ 58,000 on May 9, repurchased 3,521 bitcoins on May 15, 18 and 19.