On March 10, COINOTAG News reported that a recent analysis from LookIntoChain indicates a notable trend among crypto whales amidst the recent decline in Bitcoin prices. Observations reveal that certain high-cap investors are strategically positioning themselves for a rebound. One prominent address executed a deposit of 1.14 million USDC into Hyperliquid, subsequently opting to go long on Bitcoin with a substantial 20x leverage. This maneuver highlights a growing confidence in Bitcoin’s long-term value, even during bearish phases. Furthermore, another whale allocated approximately $4 million to establish 100 limit orders aimed at acquiring BTC, specifically targeting price levels between $76,000 and $79,000. These actions underlie the evolving sentiment within the crypto market and suggest that some investors are anticipating a potential upswing in Bitcoin’s valuation.
Source: https://en.coinotag.com/breakingnews/bitcoin-whales-go-long-despite-price-drop-strategies-and-insights-revealed/