Are Bitcoin Whales Buying The Dip With Less Enthusiasm?
New on-chain data analysis suggests that while large Bitcoin (CRYPTO: BTC) holders, often referred to as “whales,” continue to accumulate Bitcoin during dips, the intensity of their buying appears to be waning.
Accumulation Spree, But With Reservations
According to analysis by IntoTheBlock,, addresses holding over 1,000 BTC have been actively accumulating the cryptocurrency in recent months, particularly during price dips.
This buying activity has historically been followed by short-term price increases.
However, the report highlights a concerning trend: the size of each accumulation spike is decreasing.
Chainlink Investors Show Accumulation Despite Price Fluctuations
IntoTheBlock also shared insights into the activity surrounding Chainlink (CRYPTO: LINK), ...
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