From Investing.com: 2024-07-10 16:00:23

Bitcoin’s price has been on a roller coaster, dropping over 15% last week. It fell from $64,000 to $54,000 but has since recovered to $58,465, a 6.5% increase. Samson Mow notes Bitfinex whales bought 12,000 BTC since mid-June, worth $720 million, indicating high confidence and demand among large investors.

Bitfinex, one of the oldest and professional cryptocurrency exchanges, has been closely watched by experts due to the large amounts of BTC traded there. The activity of old-timer whales on Bitfinex can provide insights into the sentiments of influential market participants, influencing overall market trends.

Read more at Investing.com: ‘$1 Million BTC’ Samson Mow Delivers Epic Bitcoin Whale Stat By U.Today