Bitcoin whale buys $31M BTC as prices crash – Is a reversal incoming?

Quick Summary:

A Bitcoin whale bought 545 BTC worth $30.82 million as BTC's price fell notably.

The significant accumulation of whales and sharks during the recent market downturn suggests a potential long-term buying opportunity.

Recently, the on-chain analytic firm Santiment shared a post on X, noting that whales and sharks holding between 10 to 10K BTC have accumulated 133.3K  BTC from small traders who have been dumping in panic over the past month.

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Article Details

Author / Journalist: Chanakya

Category: Crypto

Markets: United States

Topics: Bitcoin BTC Trading View Social Ambcrypto Trading View News News 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 09:00:26 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 624 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22373705

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 15 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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