"Whales" accumulated $2.8 billion in bitcoins in three days

Large investors sold about 70 thousand bitcoins between September 6 and 9, and then switched to massive purchases of the cryptocurrency

"Whales" accumulated $2.8 billion in bitcoins in three days

Large holders of bitcoin (from 10 to 10 thousand digital coins) in the last three days have accumulated 60 thousand bitcoins ($2.8 billion at the current rate at 13:00 Moscow time on September 16), according to analytical company Santiment. During the three days of accumulation of cryptocurrency “whales” bitcoin value increased by 8%, to the current marks of $47.8 thousand.

Analysts note that between September 6 and 9, large holders got rid of 70 thousand bitcoins ($4.2 billion). During this period, the first cryptocurrency fell in price by almost 16%.

In the evening of September 7, bitcoin price fell by $8,500 in less than an hour. At that moment, the rate of the first cryptocurrency fell to $42,800 (a decrease of 16% per hour). Traders’ positions were liquidated for $3.5 billion because of a sharp collapse of quotations. During the day after the collapse, the capitalization of the market of digital assets decreased by more than $300 billion.

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