(https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvNGQ0ZThiMGItYzI0MS00MDVjLWE4OWItMmM1MGRhOGVhYjdkLmpwZw==.jpg)
Still reeling from a historic price collapse this week, Bitcoin (BTC) received positive news on Thursday after a mysterious whale reportedly reaccumulated a large stash of the digital asset.
The whale managed to snatch up 3,521 BTC over three separate purchases on May 15, 18 and 19, according to the Itsblockchain news publication. The first purchase, on May 15, was for 753 BTC, and came a few days before the now infamous May 19 flash crash. The subsequent purchases, of 965 BTC and 1,803 BTC, respectively, were made as the market was plunging.
The average BTC price for the three purchases were $50,050.54, $44,782.37 and $41,897.02, respectively. Interestingly, this same whale offloaded 3,000 BTC on May 9 for an average price of $58,503.39.
Source: https://cointelegraph.com/news/bitcoin-whale-who-sold-at-58k-has-reaccumulated-3-521-btc
I can already sense that Bitcoin is now slowly inching its way to the road of recovery. With this as the sentiment, we can expect buyers and traders to be back soon so we can be normal again. Hopefully, we can be able to witness a reinvigorated and much braver Bitcoin, as well as stronger alts in the market.
Can you feel it too?
(https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvNGQ0ZThiMGItYzI0MS00MDVjLWE4OWItMmM1MGRhOGVhYjdkLmpwZw==.jpg)
Still reeling from a historic price collapse this week, Bitcoin (BTC) received positive news on Thursday after a mysterious whale reportedly reaccumulated a large stash of the digital asset.
The whale managed to snatch up 3,521 BTC over three separate purchases on May 15, 18 and 19, according to the Itsblockchain news publication. The first purchase, on May 15, was for 753 BTC, and came a few days before the now infamous May 19 flash crash. The subsequent purchases, of 965 BTC and 1,803 BTC, respectively, were made as the market was plunging.
The average BTC price for the three purchases were $50,050.54, $44,782.37 and $41,897.02, respectively. Interestingly, this same whale offloaded 3,000 BTC on May 9 for an average price of $58,503.39.
Source: https://cointelegraph.com/news/bitcoin-whale-who-sold-at-58k-has-reaccumulated-3-521-btc
I can already sense that Bitcoin is now slowly inching its way to the road of recovery. With this as the sentiment, we can expect buyers and traders to be back soon so we can be normal again. Hopefully, we can be able to witness a reinvigorated and much braver Bitcoin, as well as stronger alts in the market.
Can you feel it too?
This guy is smart enough to sell at the top and buy when it dips. Great decision and risk management from his side. Right now Bitcoin is trading sideways between $39k to $41k. The second wave bull run would begin if it breaks resistance level which I think is $42k and the support is strong maybe $38k.
Of course, I can feel that we are on the recovery stage again, but it would be slow and steady.