Some crypto whales are accumulating Bitcoin by taking advantage of its price decline.
That’s what emerges from the comparison between BTC prices on Bitfinex and those on other crypto exchanges.
The “prize” on Bitfinex
Starting from January 16th, BTC prices on Bitfinex have often been higher compared to those on other exchanges.
Taking as reference the price of Bitcoin in US dollars on Coinbase, the largest US crypto exchange, it is discovered that the daily price peaks have also been $200 higher, starting from January 16 onwards.
According to the interpretations of some analysts, these $200 “premium” regarding the price of Bitcoin on Bitfinex could be due to whale purchases.
Bitfinex is not widely used by small retail investors, but it is used by Tether and other crypto whales. In fact, Bitfinex is part of the same group as Tether, namely iFinex.
Instead, Coinbase is probably the US crypto exchange with the most retail users. In fact, while the daily trading volume o
We współpracy z: https://en.cryptonomist.ch/2024/01/24/the-crypto-whales-are-accumulating-bitcoin/
