Santiment analytics agency has reported that despite the Bitcoin decline to the $34,000 level, BTC whale holders are still buying the dip, taking advantage of the price drop.
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According to the recent tweet from the Santiment team, crypto addresses that hold a minimum of 1,000 Bitcoins keep adding Bitcoin to their positions.
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Mid-tier holders with wallets holding from 10 to 1,000 BTC are not flinching either.
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As for wallets with smaller Bitcoin holdings, their number is dropping fast, though, the chart shows.
On Friday, June 18, the price of the flagship digital currency plunged from the $37,949 area to a low of $34,933 this morning.
By now, however, Bitcoin has regained some the losses by climbing to $35,578, as per CoinMarketCap.
Vladislav Sopov