🐳 Whales are Buying Up #Bitcoin Amid Investor Panic

At the moment, most retail investors are selling their #BTC at a loss, fearing a further decline, which puts pressure on the digital gold’s price. Meanwhile, whales are actively accumulating coins. In the last 30 days alone, they have acquired over 133,000 BTC, worth around $7.6 billion.

At the same time, conservative market participants, such as JPMorgan, do not see potential for cryptocurrency growth, even considering the possible rate cuts on September 18.

🔥 — We will soar in Q4
🌚 — We’re not going anywhere, time to sell
🗿 — We'll soar right after I sell

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🔽 #Bitcoin Drops Amid Sell-Off in U.S. Stock Markets

Today, the price of #BTC fell below $57,000. The decline happened in two phases: first, due to uncertainty about further growth driven by negative performance of U.S. company stocks, and then because of the weakness in Asian markets.

The market decline is also linked to weak business activity data for August. Altcoins in the top 100 are showing an average drop of 10%, and the liquidation volume reached around $200 million.

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