Whales stepping in on this dip
This is probably a good sign
Whales have been buying all week.
The price of bitcoin has pulled back off its highs and whales are snatching it up.
Roughly 20k bitcoin was bought on Tuesday alone:
(Source: https://x.com/BitcoinNewsCom/status/1801245641063985358/photo/1)
Of course for every sell there is a buy, but the data above shows flows into known accumulation addresses.
Meaning, the flows into those wallets likely represents buying and holding.
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