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As you may already know, the past few days haven’t exactly been the best for some cryptocurrency holders due to the dip.
According to the chart, Bitcoin currently sells at $43,356.34, however, it did reach a daily low of $42,727 before making a recovery yet again, above the $43,000 mark.
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The chart indicates a red for some cryptocurrencies, Bitcoin inclusive in the last 24 hours. Even altcoins are not immune to the dip.
As usual, the whales have stopped at nothing to take advantage of the drop, with crypto experts reporting that top BTC holders, whales, have been buying the dip, resulting in the acquisition of almost 6,000 BTC in a single day, can you believe it?
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This goes without saying that the crypto world is a very unpredictable space. This recent development led to a 7.5% loss for BTC this week.
A quick glance at the data from Coinglass indicates that BTC holdings have been liquidated in the past 24 hours worth an estimated $100 million, with longs accounting for over 82% of the total liquidations.
I’d also want to point out that Ethereum and altcoins are not left out, since the bulk of altcoins is also in the red, resulting in a notable loss of market value across the board in the last 24 hours.
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We continue to see fluctuations in the cryptocurrency space.
However, as I'm usually quick to point out, we'd keep our fingers crossed and hope for the best.
