The CEO of financial advisory giant deVere Group, Nigel Green, says that recent activity by Bitcoin (BTC) whales is making him bullish on the flagship crypto asset.
According to Green, one of the reasons he is bullish is that Bitcoin whales could be preparing to jump back into the market after a period of selling.
“One reason is that I’m ‘whale watching.’ Whales are investors who are giant crypto holders, holding enough assets to have the potential to move currency valuations.
In recent weeks, whales have been selling which has the effect of bringing down the market price as others get spooked and panic-sell. This then allows the big players to buy back more, and cheaper, down the track.
I sense that they are preparing