The encryption market is uncomfortable as fear sneaks into crawl, reflected in the CoinmarketCap index sits at 30/100, and is a clear sign of the landmarking feeling among merchants. However, something unexpected happens.
Despite uncertainty, Bitcoin (BTC) owners are with major moves; Nearly $ 900 million from BTC was withdrawn from the stock exchanges in just seven days, reports INTOTHEBLOCK. signal? strategy? Either way, no one notices.
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Bitcoin price was everywhere. With an increase of 12.3 % a week, overcoming the wider market increase by 5.8 %. But the real procedure was on Sunday and Monday. A 10 % huge increase, only to see a strong decline equally after. It was a journey at the very least.
The biggest players, however, does not seem worried. In fact, it accumulates. While the market is frequent, big investors stop bitcoin from stock exchanges, the move is often linked to long -term contract strategies.
And the price?
The price responded. In the period when the BTC value was withdrawn approximately one billion dollars, the Bitcoin price increased from $ 82,820 to its peak 92,810 dollars.
So, what does this mean? On the one hand, fear exists. On the other hand, the main clouds indicate confidence, or at least a calculated bet. When large money moves like this, it is rarely random. The hedge can be against inflation, turning towards a self -body or simply locating the next market.
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Retailing traders may be on the edge of the abyss, but institutional moves tell a different story. The separation between the indicators of feelings and the behavior of the investor is remarkable. Panic in one corner, quiet accumulation in another.
