🐳 Whales take advantage of the dip to accumulate Bitcoin
In the past 7 days, the wallets of large investors on the Bitcoin network have accumulated over 16,000 BTC, indicating a buying pattern during the dip known as "buying the dip".
This pattern shows something similar to what we observed during the first correction in early August, with large investors accumulating Bitcoin as prices fell and retail investors capitulating their losses.
If this pattern repeats, we will soon see a local bottom and a short-term reversal, but the medium-term structure will depend on improvements in the fundamental on-chain factors.
