Despite Bitcoins value loss of the whales seem to have your appetite is not lost: Just a big BTC whale has moved 12,000 in BTC (the equivalent of 89 million dollars) in an external Wallet or withdrawn.
The market is now in Chaos, after Bitcoin suffered another double-digit decline. A week ago tradete Bitcoin at 8.700 dollars – now there are about 7,100 dollars. For the first time since may 2019, the market capitalization of the entire crypto market is below $ 200 billion. According to the fear-and-greed Index extreme fear is the current mood””.
Although this is nothing new, but: The state of the market for crypto currencies, currently, to put it mildly, not good.
Bitcoin whales collect and collect
Bitcoin whales are watching this market, however, with voltage and see this possibly as the opportunity for further accumulation. Such a whale has just moved BTC to a value of 89 million dollars, despite the market carnage. The address of the recipient: an external Wallet.
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This payout could be another example of how “Smart Money” in this chaotic market uses moments. It’s always the same story. Many say that investment will provide money Transfer from the Impatient to the Patient. And the whales may once again be patient.
Let’s not forget that the market has experienced this fear before. In August, the “Anxiety scores” in the fear-and-greed Index reached an all-time low of 5. These are in all probability only market cycles that repeat themselves tend to be – and if it was long enough on the market, it is becoming increasingly clear.
The 12,000 BTC have just left the market, which means that there is 12,000 BTC less in the liquidity books.
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