First Mover Asia: Mid-tier “whales” (holding 100-1,000 BTC, or less than around $40 million) are trimming their exposure and the “minnows” are picking it up, data from Glassnode shows. thesamreynolds, DantesOutlook, Liqquidity report.
All of this is normal,Prices were naturally compressed and the whales took this as a chance to sell. The supply of bitcoin held by addresses that have between 100-1,000 BTC fell off a cliff, while the supply of bitcoin held by wallets with 0.1-10 bitcoin dramatically increased.
Almost in parallel, the number of short-term holders increased showing that this was new money flowing into bitcoin. This correction gave retail investors a good chance to get into the market while distributing the holdings of bitcoin across many, not few, hands. It also shows that retail investors continue to have confidence in bitcoin and used this chance to augment their holdings.during the turbulent first few months of the year. The Financial Times newspaper reported that retail continues to buy the dip.the market is rigged against them.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Mover Americas: Bitcoin's Exchange Balance Hits 3.5-Year Lowbitcoin's exchange balance keeps falling, but so does the price. What gives? godbole17 reports in this morning's First Mover Americas.
Read more »
First Mover Asia: Terra Is 2022’s Version of Corporate Bitcoin Buying; Cryptos Hold Steady in Weekend TradingFirst Mover Asia: The Luna Foundation Guard now holds about $1.7 billion in bitcoin, but crypto markets seem unimpressed with its purchases this year; bitcoin and ether are flat. thesamreynolds, DantesOutlook, JPRubin23 report.
Read more »
Asia Stocks Slip as Investors Look Ahead to China's First-Quarter GDPA slew of Chinese economic data, including the country’s first quarter GDP print and industrial production figures for March, are set to be out on Monday.
Read more »
O'Hare Airport's people mover resumes 24/7 service for 1st time in 3 yearsAs more and more people return to air travel, O'Hare Airport's people mover has resumed 24-hour service for the first time in more than three years Monday.
Read more »
After years of construction, O’Hare ‘people mover’ resumes 24-hour serviceAs travels ramps up for the spring and summer, the automated train, officially called the Airport Transit System, was scheduled to begin round-the-clock service Monday.
Read more »
The People Mover running 24/7 at O'Hare AirportThe automated transit system takes passengers between terminals 1,2,3, and 5.
Read more »