While the fall may scare off leveraged traders, Bitcoin whales seem to be viewing this dip as a buying opportunity. On-chain data shows that the third-largest Bitcoin whale added 207 Bitcoin to the holdings at an average price of about $62,053 per Bitcoin.
After the latest purchase, the whale’s holding has increased by 635 Bitcoin in November, according to journalist Colin Wu.
Daily cryptocurrency market performance. Source: Coin360
However, it is not all bullish news for Bitcoin and cryptocurrencies. The U.S. dollar has risen to a sixteen-month high on expectations that soaring inflation may force the U.S. Federal