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NYDIG Saw Large Investors Bought On Dips During The Past 24-48 Hours

Mary Liu

Summary: Bitpush data shows Bitcoin once plunged to a low of $51,541 on Sunday, but NYDIG Global Research Director Greg Cipolaro said that in the past 24-48 hours, its platform showed a net inflow of capital, indicating that large investors are buying on dips.  Cipolaro also pointed out that the spot price of Bitcoin on the ...

Bitpush data shows Bitcoin once plunged to a low of $51,541 on Sunday, but NYDIG Global Research Director Greg Cipolaro said that in the past 24-48 hours, its platform showed a net inflow of capital, indicating that large investors are buying on dips. 

Cipolaro also pointed out that the spot price of Bitcoin on the Binance platform has an obvious discount compared with Coinbase during that time. 

He said: "The difference in spot, which is usually very tight, reached nearly 3% at one point. To us, these data points are indicative of selling pressure in Asia rather than North America."

By Mary Liu

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