MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

Bitcoin Whales Bought Almost $3.5 Billion (67K BTC) During the Crash to $42K

December 7, 2021
in Crypto News
Reading Time: 2 mins read
A A
Bitcoin Whales Bought Almost $3.5 Billion (67K BTC) During the Crash to $42K
ShareShareShareShareShare

Large bitcoin holders seem to believe that this is far from being the end of the 2021 bull cycle. Data reveals that whales took the opportunity to buy a whopping $3.5 billion, or 67,000 BTC, while the cryptocurrency was plunging towards $42,000.

  • As CryptoPotato reported on December 5th, bitcoin’s price had dropped to $42,000 (on Bitstamp) – its lowest point since late September, for a cumulative crash of more than $16,000 in a day.
  • Huobi – one of the leading cryptocurrency exchanges with a prominent focus on the Chinese market – experienced a flash crash where the BTC price dropped to $28.8K instantly.
  • All of this resulted in billions of dollars worth of liquidated long positions, causing nothing but mayhem within the community.
  • Bitcoin whales, though, seem to have played this price movement “to perfection,” according to data from Santiment.
  • The firm, which specializes in on-chain and social metrics of more than 2,000 cryptocurrencies, revealed that addresses holding between 100 to 10K BTC bought 67,000 bitcoins, beginning during the dump to $43.5K. That’s worth around $3.44 billion at current prices.

Bitcoin has recovered back to $50.1k Monday, and whale traders played the dip to perfection. Beginning during the dump to $43.5K, addresses holding 100 to 10K BTC have accumulated 67K more BTC after dumping the same amount before the price drop.

Source: Santiment
  • Meanwhile, earlier today, we reported that the third-largest BTC whale also took advantage of the dip and bought more than 2,700 coins in a day at around $50K.
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to $1750.


Credit: Source link

ShareSendTweetPinShare
Previous Post

Crypto ownership surges in Australia

Next Post

FaZe Clan partners with MoonPay on crypto and NFTs for esports

Next Post
FaZe Clan partners with MoonPay on crypto and NFTs for esports

FaZe Clan partners with MoonPay on crypto and NFTs for esports

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Hut 8 Mining Corporation Ramps Up Fight Against Power Supplier

Hut 8 Mining Corporation Ramps Up Fight Against Power Supplier

January 28, 2023
The incredible story of Ruja Ignatova and her 4 billion dollar scam: find out how she was found 5 years later

The incredible story of Ruja Ignatova and her 4 billion dollar scam: find out how she was found 5 years later

January 29, 2023
Alfa Romeo taps crypto casino Stake as F1 Team title sponsor

Alfa Romeo taps crypto casino Stake as F1 Team title sponsor

January 28, 2023
Crypto Fraud Is Everywhere You Look

Crypto Fraud Is Everywhere You Look

January 23, 2023
What Federal Charges Against Bitzlato Mean for Cybercrime

What Federal Charges Against Bitzlato Mean for Cybercrime

January 24, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • US Senator Focused on Crypto Money Laundering Crackdown — Urges Congress, Regulators to Take Action – Regulation Bitcoin News
  • Hackers Launder $27 Million in Stolen Ethereum From North Korean
  • NFT Collection A.N.I.M.O Price, Stats, and Review

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 23,766.00 3.28%
  • ethereumEthereum (ETH) $ 1,644.21 4.56%
  • tetherTether (USDT) $ 1.00 0.15%
  • usd-coinUSD Coin (USDC) $ 1.00 0.12%
  • bnbBNB (BNB) $ 317.72 4%
  • xrpXRP (XRP) $ 0.415098 1.37%
  • binance-usdBinance USD (BUSD) $ 1.00 0.02%
  • cardanoCardano (ADA) $ 0.396493 4.21%
  • dogecoinDogecoin (DOGE) $ 0.090318 2.63%
  • matic-networkPolygon (MATIC) $ 1.17 3.49%
  • okbOKB (OKB) $ 39.48 0.51%
  • solanaSolana (SOL) $ 26.12 9.33%
  • staked-etherLido Staked Ether (STETH) $ 1,640.52 4.47%
  • polkadotPolkadot (DOT) $ 6.62 3.94%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 2.62%
  • litecoinLitecoin (LTC) $ 94.83 3.16%
  • avalanche-2Avalanche (AVAX) $ 20.89 2.5%
  • tronTRON (TRX) $ 0.063904 1.14%
  • uniswapUniswap (UNI) $ 6.94 5.3%
  • daiDai (DAI) $ 1.00 0.05%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,691.00 2.94%
  • cosmosCosmos Hub (ATOM) $ 13.86 5.78%
  • the-open-networkToncoin (TON) $ 2.47 1.31%
  • chainlinkChainlink (LINK) $ 7.38 2.93%
  • leo-tokenLEO Token (LEO) $ 3.70 2.44%
  • moneroMonero (XMR) $ 186.47 1.27%
  • ethereum-classicEthereum Classic (ETC) $ 23.06 5.83%
  • aptosAptos (APT) $ 18.24 3.65%
  • bitcoin-cashBitcoin Cash (BCH) $ 135.96 3.06%
  • stellarStellar (XLM) $ 0.094463 1.88%
  • apecoinApeCoin (APE) $ 6.29 5.13%
  • quant-networkQuant (QNT) $ 151.74 1.64%
  • nearNEAR Protocol (NEAR) $ 2.56 4.52%
  • crypto-com-chainCronos (CRO) $ 0.082462 1.83%
  • filecoinFilecoin (FIL) $ 5.48 3.37%
  • lido-daoLido DAO (LDO) $ 2.31 3.95%
  • algorandAlgorand (ALGO) $ 0.260907 1.91%
  • vechainVeChain (VET) $ 0.024587 2.21%
  • internet-computerInternet Computer (ICP) $ 6.21 2.05%
  • hedera-hashgraphHedera (HBAR) $ 0.069667 3.9%
  • decentralandDecentraland (MANA) $ 0.801168 16.38%
  • axie-infinityAxie Infinity (AXS) $ 12.26 8.2%
  • the-sandboxThe Sandbox (SAND) $ 0.795608 8.92%
  • aaveAave (AAVE) $ 87.65 4.49%
  • fantomFantom (FTM) $ 0.487733 8.83%
  • eosEOS (EOS) $ 1.12 2.5%
  • flowFlow (FLOW) $ 1.11 5.06%
  • elrond-erd-2MultiversX (EGLD) $ 45.31 2.29%
  • theta-tokenTheta Network (THETA) $ 1.11 4.25%
  • tezosTezos (XTZ) $ 1.16 5.6%