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.
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.
Fri, 06/18/2021 - 19:34
Bitcoin Plunges to $35K, but Fidelity's Jurrien Timmer Has One Reason to Remain Bullish
Alex DovbnyaBitcoin (BTC) Approaches $98,000 as Altcoins Lag Behind
XRP 4 Days of Sleep: What's Next? Dogecoin (DOGE) Hints at Double Top Pattern Formation, Pepe (PEPE) Loses 21% in 6 Days, But There's Still Chance
Binance's CZ Warns About MacBook Vulnerabilities
MicroStrategy Raises Recent Convertible Notes Offer to $2.6 Billion to Buy More Bitcoin
Mid-tier holders with wallets holding from 10 to 1,000 BTC are not flinching either.
Advertisement
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
Alex Dovbnya
Dan Burgin