Amidst the market-wide chaos, it is the mid-sized Bitcoin holders that have held on to the old investment adage of “buy the dip.” Data suggested that entities holding less than 100 BTC in their wallets appear to have raked in all of the dumped Bitcoins.
The de-pegging of UST forced Luna Foundation Guard , the entity created to support the Terra ecosystem, to liquidate over 80k BTC. This ensued a crypto bloodbath that was exacerbated by Terra’s failure to resuscitate both tokens’ values. As a result, investors found their portfolios dipping into the red.that the volume of supply held by entities with less than 100 BTC has increased by 80,724 BTC since the fateful day nearly three weeks ago.
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Source: CryptoPanicCom - 🏆 563. / 51 Read more »
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