Bitcoin Whales Bought 67K BTC During The Recent Drop

Bitcoin whales bought 67k BTC during the recent drop. Bitcoin had dropped nearly 20 percent last week.

According to the latest information released by blockchain data analysis company Santiment, the latest price correction in the cryptocurrency market was seen as an opportunity by investors, especially whales. The largest cryptocurrency, Bitcoin, has experienced a sharp price correction of up to 20% in the past week. The statements of the FED and the newly announced coronavirus variant are thought to be effective in this decline. However, despite this significant decline, investors saw this as an opportunity and made more purchases. So much so that in the statement made on Santiment's official Twitter account, it was revealed that wallets containing 100 to 10,000 Bitcoins received a total of 67,000 BTC in the decline of Bitcoin to 42 thousand dollars. After declining to $ 42 thousand, Bitcoin quickly recovered and rose above $ 50 thousand. However, the leading cryptocurrency is still in the oversold territory. This could mean that Bitcoin will consolidate for a while before fully recovering.