NewsBTC - Despite a big selloff, Bitcoin's price held steady thanks to whale buying and continued interest from ETFs, suggesting growing stability in the market

in blockchain •  4 months ago 

https://www.newsbtc.com/news/bitcoin-accumulation-whos-been-buying-up-all-the-btc-dumped-by-the-german-government/
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Bitcoin price dipped below $54,000 in early July due to a large selloff, possibly by the German state of Saxony.

However, whales took advantage of the lower price to buy 71,000 BTC, and Bitcoin ETFs saw inflows despite the price drop, suggesting the market is absorbing the selling pressure and Bitcoin is gaining stability.

What do you think?

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blockchain horror dump bitcoin price whale etf stability
4 months ago by

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      ·  4 months ago 

    Upvoted! Thank you for supporting witness @jswit.

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