Bitcoin Giant Whale Buys Over 122,500 BTC in Last Week’s Market Crash

Cointelegraph today reports that large bitcoin holders appear to be actively buying bitcoin amid the recent price correction. Anthony Pompliano from crypto investor Morgan Glass Digital said his analysis of Glassnode data found that bitcoin giants holding between 10,000 and 100,000 BTC purchased a total of 122,588 BTC since last Wednesday’s market crash.Bloomberg interviewed a number of crypto hedge funds that were also involved in the purchases and were actually bottom buyers, including London-based MVPQ Capital and ByteTree Asset Management, as well as Singapore’s Three Arrows Capital. Kyle Davies, co-founder of Three Arrows Capital, said, “Every time we see a lot of liquidation it’s a buying opportunity, and I wouldn’t be surprised if bitcoin and ethereum could retrace their entire decline in a week.”