On August 30, on-chain data analyst Murphy posted on social media that when the Bitcoin price falls below the average price of short-term holders at $108,000, the short-term sentiment shifts from anxiety to panic. Currently, it coincides with a time period of low weekend liquidity, which is likely to result in significant fluctuations.
For investors who remain optimistic about the long-term trend of BTC, they did not stop accumulating during the pullback. The BTC balance on a certain trading platform significantly decreased by 41,512 BTC within the two days from August 27 to August 29. According to previous on-chain tracking, the platform's address is closely linked to some treasury companies, traditional institutions, and OTC platforms.
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SelfCustodyBro
· 08-30 20:08
This wave of sell with bearish market has been manipulated by Large Investors.
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NewPumpamentals
· 08-30 05:23
Bearish voices are always shouting about a crash while institutions are secretly accumulating.
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AlgoAlchemist
· 08-30 05:23
Large institutions are secretly buying the dip.
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LostBetweenChains
· 08-30 05:07
If institutions dare to absorb, they dare to follow.
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SchrodingerWallet
· 08-30 05:02
Still continue to move bricks, hope not to lose everything.
BTC falls below the average price of short-term holders, institutions are still heavily accumulating 41512 coins.
On August 30, on-chain data analyst Murphy posted on social media that when the Bitcoin price falls below the average price of short-term holders at $108,000, the short-term sentiment shifts from anxiety to panic. Currently, it coincides with a time period of low weekend liquidity, which is likely to result in significant fluctuations.
For investors who remain optimistic about the long-term trend of BTC, they did not stop accumulating during the pullback. The BTC balance on a certain trading platform significantly decreased by 41,512 BTC within the two days from August 27 to August 29. According to previous on-chain tracking, the platform's address is closely linked to some treasury companies, traditional institutions, and OTC platforms.