Whales have increased BTC reserves by 70,000 coins in a week
This week, bitcoin has dropped below $28,000 several times under the pressure of sellers. Meanwhile, whale purses were being purchased at the bottom.
Ali Martinez, referring to the data of Santiment, states that the participants of the whale swim were wallets holding from 10,000 to 100,000 BTC. In 7 days, they purchased more than 70,000 bitcoins, and their total reserves reached 2.38 million coins.
According to Sentiment, the number of profitable transactions on the network has increased significantly. After the jump to $28,700, some categories of traders switched to profit-taking. The number of such transactions has doubled the number of unprofitable transactions.
According to analysts, further drawdown of the exchange rate is a direct result of a surge in sellers' activity.
But for whales, access to BTC at comfortable prices became a signal for a swim, and they took advantage of the situation.
