Cryptocurrency (Mar 09, 2021 08:40AM ET)
Bitcoin whales ‘bought the dip’ as orders for $100K or more hit all-time highs
Bitcoin (BTC) whales and institutions alike have made the most of the recent BTC price “dip” by buying big, data suggests.
In an update on March 9, on-chain analytics service Material Indicators noted that buy orders of $100,000 and higher on Binance — the biggest cryptocurrency exchange by volume worldwide — are reaching all-time highs.BTC/USD vs. order volume chart. Source: Material Indicators/ TwitterBTC/USD vs. Coinbase outflows chart. Source: Glassnode/ Twitter