In May, the price of cryptocurrencies dropped significantly.According to Chainalysis, whales and whales took advantage of the situationpurchased a total of 77,000 BTC.
In the latest report from Chainalysis, the company's chief economist wrote that "whale investors" bought more than 77,000 bitcoins worth about $3 billion last week.This data is based on market monitoring by the Chainalysis team.
Last week, the price of bitcoin dropped from $ 49,000 to $ 30,000, liquidating more than $ 3.3 billion of positions in one hour at one point.
TheBlock reports that major hedge funds and asset managers are buying bitcoin in the $ 30,000- $ 35,000 price range.
According to the same report, during the price drop, many investors sold their bitcoins at a loss.About 120,000 BTC was sold for a quarter of the purchase price.
Anthony Pompliano confirmed the activity of large investors in the market downturn. According to him, large hodlers have added 122 588 MTC to their address balances.
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