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BTC During the correction in Bitcoin prices, giant whale investors bucked the trend and increased their holdings
Despite the recent correction in Bitcoin prices, it is reported that large investors continue to accumulate BTC. Cryptocurrency market analyst Ali Martinez said on Platform X (formerly Twitter) that whale investors view the recent price decline as a buying opportunity.
Huge amounts of money bucked the trend
According to data shared by Martinez, Bitcoin fell from US$81,474 on August 28 to US$76,732, a drop of approximately 5.82%. Despite experiencing significant price declines in a short period of time, data showed that large investors did not sell, but instead increased their positions.
data shows that during this period, whale investors purchased approximately 6,765 bitcoins, with an estimated total value of approximately US$521 million. This suggests net accumulation by large investors during a period of increased market selling pressure.
Supply dynamics and market signals
The behavior of "whale" investors holding large amounts of bitcoin is regarded as an important indicator of market supply and demand dynamics. Large investors withdraw BTC from exchanges or place it in long-term custody, helping to reduce the amount of bitcoins available for sale on the market.
This price fluctuation occurred after Bitcoin failed to effectively stabilize the US$80,000 mark. The decline from $81,474 to $76,732 revealed an increase in selling pressure from short-term investors, while whale investors adopted a different strategy.
Long-term expectations remain strong
Data shared by Martinez pointed out that despite the price decline, large investors remain optimistic about Bitcoin's long-term expectations. This purchase volume of approximately $521 million is a significant data point that suggests that strong players in the market find current prices attractive.
However, it should be noted that the whale's purchase does not guarantee that the price of Bitcoin will inevitably rise in the short term. Global liquidity conditions, investor sentiment and market movements in other major capitals will continue to affect the direction of BTC.
Market participants will pay close attention to Bitcoin's movements around US$76,000 and whale investor trading activity in the coming days. If large investors continue to maintain the cumulative trend, it may support the possibility of a new recovery after the current correction.
This article does not constitute investment advice.
