Bitcoin whales gather $157.3 mln BTC in market dip: Bullish signs?

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

BTC trading volume soars by 37.72% as prices hike by 1.48% in 24 hours. 3 whales accumulate 2814 BTC worth $157.3 million

, the largest cryptocurrency, has suffered the most. Over the past 30 days, BTC has dropped by 9.14%.

This market dip has created a conducive environment for large holders to buy the dip. When prices decline, whales tend to accumulate, hoping to sell for profit.Whales buying the dip When markets are underperforming, whales use it as accumulating opportunity at lower prices, expecting future gains. Thus, those betting against the market were forced out of their positions, while long position holders were willing to pay a premium to hold their trade.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines