As Bitcoin Crashes, Data Shows Whales Are Buying the Dip

Decrypt LogoDecrypt1 mo ago

As Bitcoin Crashes, Data Shows Whales Are Buying the Dip

Quick Summary AI Powered

Amid the ongoing crypto crash, on-chain data indicates that so-called Bitcoin whales have been quietly filling their bags.

Currently, whales own as much as 8.69 million BTC, or 45.6% of Bitcoin's total supply of 21 million, according to Glassnode.

Still, when asked about the probability of such a scenario, Pellicer said there are no “clear on-chain structures that point out to a very fast market recovery.

More Pictures


Article Details

Author / Journalist: Andrew Asmakov

Category: Crypto

Topics: Coins BTC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 15:43:59

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 431 words

Coverage Area: Estonia

Availability: Desktop Web, Mobile Web

News ID: 25643

View Article Analysis

About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website:

Update Frequency: 11 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 11h ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.