Bitcoin recorded a decline today to $112,012, down 8.97% from its July high ($123,091), sparking a new wave of "buy the dip" among investors. 🚨
🐳 Bitfinex whale returns: 300 BTC daily!
According to the CEO of Blockstream, Adam Back:
> "Bitfinex whale has returned in the last 48 hours, buying 300 Bitcoin daily through a TWAP strategy."
🔄 TWAP (time-weighted average price) means that buy orders are made at regular intervals to avoid impacting the price — at a rate estimated at $400 pumped every second! 💸
❗️This is not the first time, as during the market drop in February, the same whale was buying 1,000 BTC daily over minutes.
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📉 Collective drop of altcoins:
Ethereum at: $3,460 🔻 -5%
XRP and Solana lost more than 5%
Market trading volume dropped by 31.52% in the past 24 hours.
⚠️ Reports indicate that some whales like Arthur Hayes are liquidating their positions, while other whales like Bitfinex whale and even Eric Trump are urging to buy on the dip!
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🇺🇸 Eric Trump comments: "Buy the dips!"
In a recent post on platform X (formerly Twitter), Eric Trump urged investors to seize opportunities during the decline, assuring that the current time is suitable for buying, especially after BTC fell below $113,000. 🗣️💥
📌 It is noted that Trump Jr. had encouraged buying during the drop last February, and since then:
BTC rose 15%
ETH rose 20%
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🧠 What caused this decline?
🔍 Analysts see the following factors behind the decline:
Return of Trump's tariff fees
Weak US jobs data for July
The Federal Reserve rejected a rate cut
Current unemployment rate: 4.2%
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✍️ Share your opinion:
Is it really time to buy? Or is there more decline to come?
> (This post is not investment advice)