Amid Market Crash, Community's Bottom Fishing Enthusiasm Soars
The cryptocurrency market has been in a continuous downturn recently, and as Bitcoin fell below the $80,000 mark, discussions about bottom fishing on social media have surged to their highest peak since July of last year.
On February 28, the on-chain analysis platform Santiment posted on its X platform account, noting that by monitoring trader discussions on social channels such as X, Reddit, and Telegram from February 25 to 26, market sentiment shows strong confidence in this bottom fishing.
Interest in market bottom fishing has risen to a seven-month high.
Mysterious Whale Takes Action, Accumulates $340 Million in BTC
According to data disclosed by community members on February 27, a mysterious whale address accumulated 4,000 BTC while the Bitcoin price fluctuated between $82,000 and $85,000. Based on the current market price of Bitcoin, this position is valued at approximately $344 million.
