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Plus: Whales snap up BTC after retail panic selling |
The crypto market feels like a weird remake of The Hangover. You wake up with a pounding headache, the room's a mess, and Bitcoin - the one friend you really needed to keep an eye on - is nowhere in sight. Everyone's retracing their steps, trying to remember how last night ended. Then your phone rings. "Dude... where are you?" And Bitcoin just groans, "Man... I'm under $90K." Yep. First time in seven months. Perfect way to start the day, right? 🫠
Now, the drop didn't start as a crash. First, a drift from $92K to $91K, then a little stumble. But once it touched anything starting with "8," that's when people felt it in their stomachs. Most small investors (the folks with 1 BTC here, half a BTC there) tend to get jumpy when the big round numbers break. And over the past few days, on-chain data shows fewer of these small-holder wallets, meaning some of them sold as the price slid. But here's the twist: while the smaller hands were easing out, the whales (the wallets holding 1K BTC or more) started doing the opposite. Their numbers actually rose to about 1,384 wallets, the highest in months. That's a huge sign. Whales don't buy because they're excited; they buy because the math makes sense. They see dips not as danger, but as discounts. So while the surface-level mood was fear, underneath it was a steady accumulation. Basically, the market still feels a little shaken. But at least it's still standing.
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