Bitcoin Whales Bought $1.2B BTC Amid the Price Dip, Fueling the Quick Rebound

Bitcoin Whales Bought $1.2B BTC Amid the Price Dip, Fueling the Quick Rebound

Bitcoin Whales Bought $1.2B BTC Amid the Price Dip, Fueling the Quick Rebound PlatoBlockchain Data Intelligence. Vertical Search. Ai.

“While sellers on the margin appear to be derisking, there has also been opportunistic buying between $60,000-62,000 levels,” Coinbase Institutional research analyst David Han said in a Friday report. “We think this directional uncertainty speaks to our thesis of bitcoin’s divergent roles both as a risk and a safe haven asset,” he added.

Time Stamp:

More from CoinDesk