When bitcoin plunged toward $60,000 last week, most small-time investors did what they always do — hit the sell button and hope for the best. But the big players? They saw a fire sale.
On-chain data shows that large bitcoin holders, commonly called whales, aggressively added to their positions during the downturn. Their wallets grew significantly even as retail traders were dumping coins at a loss. This kind of divergence isn’t new — it’s a pattern that’s played out in nearly every major crypto correction over the past decade. The institutions accumulate at the bottom while panic drives smaller holders to exit.
It’s a familiar dynamic, but it doesn’t make it less brutal for those caught on the wrong side. The question now is whether this whale confidence will be enough to stabilize prices, or if there’s more pain ahead before the market finds its footing again.
Source: CriptoNoticias
