Bitcoin Price: Whales ‘Manufactured’ Dump to Accumulate More BTC

2019-6-4 12:00

Bitcoin price fell below $8000 for the first time in over a week June 4 after several huge transactions appeared to move markets artificially. BTC Sheds $600 After Coinbase Sell-Off Data from cryptocurrency exchange Bitstamp painted a volatile picture for bitcoin Tuesday, BTC/USD suddenly dropping $500 in around 90 minutes.

Further losses resulted in a ‘floor’ appearing at just under $7800 before support kicked in, taking Bitcoin back to around $7900 as of press time.

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Bitcoin Whales Continue Buying, Now Hold 25.16% Of All Supply

On-chain data shows that the Bitcoin whales’ holdings have grown to 25. 16% of the entire supply, and their net accumulation has continued recently. Bitcoin Investors With 1,000 To 10,000 BTC Have Continued To Buy Recently According to data from the on-chain analytics firm Santiment, the BTC whales have accumulated more than 266,000 BTC since the start of the year.

2024-4-25 06:00