The statements that the Fed will tighten its monetary policy and the miners in Kazakhstan were affected by the power cuts, causing Bitcoin to approach the $ 40,000 limit again.
We see that Bitcoin, where the volatility has increased, exhibits a sharp up and down movement within a daily margin of 6%.
While there is great fear in the market, big whales continue to fill their wallets.
Chinese journalist Colin Wu shared data on the recent purchases of Bitcoin whales. According to data provided by BitinfoCharts, 3 of the top 50 Bitcoin whales bought 5322 Bitcoins today.
According to Wu’s share, the 33rd largest whale bought 3000 BTC, the 34th largest whale bought 1455 Bitcoin and another wallet 867 Bitcoin.
The present value of these Bitcoins is approximately $225 million.
Three whales bought more Bitcoin in today’s drop, while the 32nd largest wallet owner sold 4250 Bitcoins.
Wu reminded that none of the wallets he shared were marked as cryptocurrency exchanges.
According to BitInfoCharts, in January 7th, the 33rd largest Bitcoin address increased 3000 BTC, the 34th increased 1455 BTC, the third increased 867 BTC, the 32nd reduced 4,250 BTC. None of the above addresses are marked as exchange addresses. https://t.co/he2xQpd553
— Wu Blockchain (@WuBlockchain) January 7, 2022
*Not Investment Advice.