The post Whales Scoop Up $157M in Bitcoin After Market Drop! appeared first on Coinpedia Fintech News
Despite the recent sell-off with the release of the US jobs report, whale activity is on the rise. This month alone, three major Bitcoin whales bought 2,814 BTC, worth $157.3 million, at an average price of $55,887 per BTC. Whales buying Bitcoin on Binance indicates growing confidence in its future price. Further, as these whales accumulate during periods of lower prices, the anticipation of the next bull run grows.