'Can't stop, won't stop' — Bitcoin hodlers buy the dip at $20K BTC
— Buy, Spectrum, Surprising reading, Stablecoin market cap ratio, Ratio, Intensely, 25b loaded bullets, Question, Margin calledwhales — 1 min read
Data suggests mass buying has already started in Bitcoin. Smallest and largest players are both in buy-mode at around $20,000. Shrimps are adding to the $BTC balance at the greatest rate since the 2017 ATH. Whale investors are similarly removing coins from exchanges to private wallets at a pace Checkmate calls “full HAM” The main exception lies in the middle: the sharks or institutional, high net worth entities with between 10 and 1,000 BTC to their name. Analyst $25B exchange stablecoin reserves are now worth half of Bitcoin reserve, Ki Young Ju, CEO of fellow analytics firm CryptoQuant, says. The stablecoin market cap ratio on exchanges has stayed practically constant for two years, while the market cap itself has ballooned in that period. Source