Large investors bought BTC for $ 3 billion during the correction

• Large investors bought 77,000 BTC for $ 3 billion during the fall of the asset on May 19.
• New investors recordedrecord loss.
• The BTC price has returned to fair values.

Analytical company Chainalysis publisheddata from their new study. According to the information provided, large Bitcoin investors took advantage of the collapse in prices on the crypto market to purchase large quantities of coins.

According to Philip Gradwell, chief economist at Chainalysis, the whales bought 77,000 BTC worth just over $ 3 billion. Such conclusions are made based on the analysis of data in the Bitcoin blockchain (BTC).

This information is comparable to that previously reported by The Block, which reported that large capital used the fall on May 19 to make purchases.

In addition, Chainalysis reported that due toprice collapse, a significant number of bitcoins were sold at a loss. According to Gradwell, 1.2 million BTC were moved during the drop with a loss of 5-25%, and 120,000 BTC were moved with a loss of 25% or more.

“This is a lower value of losses than what wasrecorded at the end of 2017 and in mid-March 2020, when prices collapsed even more. From this we can conclude that the last week was not the worst in the history of bitcoin ", he reports.

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It is noteworthy that another analytical company,Glassnode is of a similar opinion. She also reported large losses for investors who bought BTC at high prices and decided to move them during the fall. Glassnode cites the data in dollar terms, claiming that the losses of investors on May 19 exceeded the values ​​of March 2020.

Chainalysis also writes that if the loss is measured in dollars, the amount will be greater.

A similar picture is in the case of Ethereum (ETH). Analysts recorded 22.6 million ETH, which were transferred with a loss of 5-25% last week. This is a record number.

BTC price returned to average values

The report claims that the price of Bitcoin is nowis much closer to the average purchase price over the past year. Gradwell notes that on average, investors paid $37,800 for 1 BTC in 2021. The price of a cryptocurrency often reverts to its mean. The exception is the crypto winter of 2018.

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As for ETH, its average purchase price this year is $ 1,700. It reached it during the recent fall, but is now trading significantly higher - about $ 2,300.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features &#8212; futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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