Bitfinex Whale Buys 300 BTC Daily Amid Market Crash
On August 3, 2025, Bitcoin dipped below $113K, with a 21% drop in trading volume, pushing the Fear and Greed Index to neutral. Despite the bearish market, a Bitfinex whale is buying 300 BTC daily, as noted by Blockstream CEO Adam Back, who recalled the same whale purchasing 1,000 BTC daily in February. This "buy the dip" strategy signals confidence in a future bull run.
Eric Trump echoed this sentiment on X, posting "buy the dip" as Bitcoin hit $112,724. His confidence aligns with a $367M stake in the American Bitcoin Corp. and Gryphon Digital Mining merger, pending approval on August 27, 2025.
The market's downturn follows the end of Trump’s tariff suspension, creating economic uncertainty. However, Bitcoin’s recovery above $114K with a 0.55% 24-hour gain suggests a potential rebound. Utility-driven projects like Snorter Token ($SNORT), with its Snorter Bot for real-time trading and scam protection, could benefit from a market surge. $SNORT’s presale is ongoing at $0.1001, with $2.7M raised.
DYOR and invest wisely.
