network is where transactions are sent before being confirmed in a block. The higher the fee paid on a transaction, the higher the likelihood it will be picked ahead of others.
Glassnode wrote that investors paid higher-than-average fees likely in order to prioritize their bids to de-risk their portfolio or add collateral to their margin positions as BTC price has fallen 19% over the past seven days. Just over 15% of fees paid for on-chain transactions correlated with exchange deposit rates, and these were only higher in May 2021 during another period of heavy sell-offs.
Glassnode also noted that BTC accumulation has been on a low trend since the middle of April. “Shrimps” who hold less than an entire Bitcoin were the largest accumulators of any cohort of wallets up to whales through the past week, but even their accumulative strength was weak compared to previous months this year.
It's good that I've only been buying USDT in recent months.
I understand their desire, the whales have really become very active
Purchase all crypto coin of your choice using this superb crypto app AltbaseApp The best for hassle free and secured exchange Download app now available on Applestore and Playstore BSC BuyAltcoins Altcoins AltbaseApp
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.
Source: IntEngineering - 🏆 287. / 63 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
Source: BTCTN - 🏆 531. / 51 Read more »
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »