Bitcoin Whales Buy the Dip, adds $1.62 Billion of BTC

Quick Summary:

On August 6, 2024, a prominent analyst made a post on X (previously Twitter) that in the last 48 hours, whales had accumulated over 30,000 BTC worth $1.62 billion.

As of now, the market sentiment is bearish worldwide, and this potentially happens due to Japan’s recent interest rate update.

Despite this massive accumulation and market rebound, the Fear and Greed index is at 17, which indicates extreme fear in the market.

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Article Details

Author / Journalist: Zameer Attar

Category: Crypto

Markets: United StatesJapan

Topics: Crypto news News Bitcoin Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 14:11:25 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 21957734

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 22 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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