Study time: <1 Minutes
Famous analyst Willy Wow says older Bitcoin whales may be the main reason for growing BTC prices in this cycle.
He explained that more than $ 5,000 new capital is needed to attract each BTC sold by them to attract each BTC sold by them.
Last week, one of the whales converted about $ 5 billion in bitcoin into an Ethereum, causing severe sales pressure. The move led to the short -term fall of Bitcoin from $ 1.2 to $ 2.9 in less than 2 minutes.
Experts say the whales, with their big and strategic purchases, have predicted the market and have gained significant profits. When these whales closed their positions, other traders reacted, and a widespread surge in the Bitcoin market was formed.
This trend shows that whales still play a decisive role in short -term market fluctuations and can greatly affect the price of bitcoin and ethereum.
Kevin Telegraph
Latest Passing over countries : Spain | Dominica | United Arab Emirates
RCO NEWS
