Whales dump some of their Bitcoin (BTC) as fear dominates the market. Since the crypto major started trading in the market, big holders have dumped the most BTC in the 30-day timeline.
Due to the recent update, Bitcoin (BTC)’s price continues to show weakness. Investors are switching over to The Hideaways (HDWY) to recover their losses.
Bitcoin (BTC) Whales are Migrating Elsewhere
It is another migration season for Bitcoin (BTC) whales. Just before the end of the year, big rollers dumped 280,000 BTC in just 30 days. This is the highest number ever recorded since the crypto major started in 2009.
The recent move has an estimated value of $4.7 billion, immediately affecting BTC’s price negatively. Bitcoin (BTC) declined 5.28% to $16,782.49 in the 7-day charts – another setback for crypto gold.
Analysts were expecting a better performance and continued strong buying momentum after bulls pushed the price to $18,000.00 on December 13.
But buyers stopped approaching $18,400.00, outnumb
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