Claim Giveaway Token

After the Fed raised interest rates, will whales buy a lot of bitcoin?

After the Fed raised interest rates, will whales buy a lot of bitcoin?

will whales buy a lot of bitcoin?

Data reveals that small-scale Bitcoin holders are becoming more eager to assemble larger amounts of the asset. Among long-term holders, there appears to be a distinct pattern in the purchase of Bitcoin. Since the Fed's interest rate decision, whales with smaller holdings have increased their purchases of Bitcoin sharply. On-chain data shows that after the Fed statement, holders of BTC between 1,000 and 10,000 Bitcoin started to accumulate. Analysis indicates that stablecoins have recently accumulated on exchanges in anticipation of accumulating bitcoins.

By: Anirudh Trivedi
29-Jul-2022

Most Read News