Just two weeks ago, the crypto market was marked by extreme greed. Now, it’s gripped by fear.
Just two weeks ago, the #crypto market was all about extreme greed. Now it's gripped by fear. pic.twitter.com/0mwTGdaWkK
— Ali (@ali_charts) July 5, 2024
This week, nearly 30,000 BTC, valued at $1.73 billion, entered exchanges, suggesting panic selling as the price declines. Wallets holding over 10,000 BTC have benefited significantly from the past six weeks of volatility.
Nearly 30k $BTC, worth $1.73 billion entered exchanges this week. With the price declining, this influx suggests that panic sellers are offloading their assets. pic.twitter.com/vbzPsCOpif
— IntoTheBlock (@intotheblock) July 5, 2024
These large addresses, likely dominated by exchange liquidity providers, have accumulated an additional 212,450 BTC, increasing their share of the total supply by 1.05%.