$BTC The latest buying spree by the Bitfinex whale comes just after a significant pullback across the digital asset space. Bitcoin, the market leader by capitalization, led the decline, slipping to $112,012. That’s an 8.97% drop from its record high of $123,091 hit in mid-July, per CoinMarketCap. Trading volumes have also slumped 31.52% in the last 24 hours.
Ethereum, XRP, and Solana have all dropped more than 4% in the last 24 hours, mirroring broader altcoin weakness. Their selloff has been amplified by reports of major whales like Arthur Hayes liquidating positions, even as others, including the Bitfinex whale and Eric Trump, look to buy the dip.
Eric Trump has even publicly encouraged investors to take advantage of declining cryptocurrency prices. In a recent post on X, he urged followers to “buy the dips.” At the time, Bitcoin had dropped to an intraday low of $112,724, falling below the $113,000 threshold.
