Bitcoin ($BTC) Whales in Accumulation Trend as Index Signals Extreme Fear in Market

  • Bitcoin whales are reportedly buying up BTC even as the Crypto Fear & Greed Index signals theres currently extreme fear on the market.
  • Wallets holding between 10,000 and 100,000 BTC have been adding to their holdings since April 30, and have increased their accumulation after the price of BTC started breaking down this month.
  • The price of Bitcoin has plunged from a high near $40,000 earlier this month to a low under the $30,000 mark after Terras UST stablecoin lost its peg to the U.S. dollar.
  • In response, the Luna Foundation Guard has deployed 28,205 BTC to defend the peg of the protocols UST stablecoin.
  • Bank of Americas analysts expect the correlation between BTC and equities to remain in the near future.
whale 1696051 1280 Bitcoin ($BTC) Whales in Accumulation Trend as Index Signals Extreme Fear in Market
Bitcoin ($BTC) Whales in Accumulation Trend as Index Signals Extreme Fear in Market 2

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