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Whales Deposit 476 Million USDT in One Hour to Grab Bitcoin Dip: Glassnode Data

Whales Deposit 476 Million USDT in One Hour to Grab Bitcoin Dip: Glassnode Data



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  1. tldr; As Bitcoin plunged to $55,000 on Wednesday, traders started liquidating multiple Bitcoin positions across crypto exchanges, worth a total of $677 million. More than 95% of those liquidations (around $648 million) were Bitcoin longs. On April 7, crypto whales took just one hour to deposit 476 million USD to digital exchanges in order to buy Bitcoin on the dip.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Now that the banks and big companies are setting their sights on crypto it’s getting a lot scarier for small people like me. They can manipulate the market to their advantage moving huge sums of money in and out quickly. What prevents them from turning this into a Wall Street 2.0?

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