Crypto Market May See Renewed Volatility as Whales Begin to Accumulate Bitcoin

The crypto market has recently held steady, with bitcoin locked in the narrow range of $16,000 to $18,000 amid lingering macroeconomic uncertainty and FTX contagion fears.

"Calm waters do not last long in bitcoin, so be prepared for a sharp move here shortly," the report added. The report added that an uptick in implied volatility with an extended period of low realized volatility is followed by wild price fluctuations. Large wallets have accumulated over 400,000 BTC since the cryptocurrency fell below the June low of $18,000 on Nov. 9, Bitfinex report noted, quoting data from on-chain analytics platform Whalemap.

godbole17 I also continue to regularly allocate usdt to buy bitcoin

godbole17 Sideways market when everyone forgets about Bitcoin are the BEST times to pay attention.

godbole17 big move down

godbole17 buythedip

godbole17 Oh stop already. There is more bottom coming.

godbole17 I've heard about this countless times, but Bitcoin on my Bfx wallet still looks like shit

godbole17 There's no accumulation until the final leg drop.

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