Thursday, March 28

“Stop Panic Selling”: Bitcoin Whales Buy Surplus BTC as Exchange Balances Drop By Cointelegraph


©Reuters. “Stop Panic Selling”: Bitcoin Whales Buying Surplus BTC as Exchange Balances Drop

(BTC) is being bought aggressively at prices close to $30,000 as bidders start to suck up liquidity from short-term sellers.

Data from on-chain monitoring resource CryptoQuant shows that since the end of December, exchanges have started to dump their BTC reserves once again.

  • Robert Kiyosaki, author of ‘Rich Dad, Poor Dad’, wants to take advantage of the fall of bitcoin to buy: ‘It’s time to get richer’

BTC draws attention to its appeal at current levels After a period in which traders sent BTC to exchanges, possibly to sell or to hold aside to shed further losses, exchanges are now seeing higher total outflows than tickets.

Read the full article on Cointelegraph

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