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Analyst: Bitcoin Price Falling Below Short-Term Holders' Average Leads to Market Panic, Whales Still Accumulating During Decline
Summary: According to reports, on social media, on-chain data analyst Murphy stated that when the price of Bitcoin fell below the short-term holders' average of $108,000, short-term sentiment shifted from anxiety to panic. Currently, during the weekend when liquidity is low, significant fluctuations are likely to occur. For investors who remain bullish on the overall trend ...
According to reports, on social media, on-chain data analyst Murphy stated that when the price of Bitcoin fell below the short-term holders' average of $108,000, short-term sentiment shifted from anxiety to panic. Currently, during the weekend when liquidity is low, significant fluctuations are likely to occur.
For investors who remain bullish on the overall trend of BTC, they have not stopped accumulating during the pullback. The BTC balance on the Kraken trading platform decreased by 41,512 BTC in just 2 days from August 27 to August 29. According to previous chain tracking, Kraken's addresses are closely related to some treasury companies, traditional institutions, and OTC platforms.
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Link: Analyst: Bitcoin Price Falling Below Short-Term Holders' Average Leads to Market Panic, Whales Still Accumulating During Decline [Copy]
