As Bitcoin's price declines below $90,000, major investors continue to accumulate the crypto asset, while newcomers sell in panic.
Spoofy Expands Holdings
The known crypto trader Spoofy, previously accused of market manipulation, has purchased 4,000 BTC worth $344 million, repeating his strategy of buying during dips to sell at highs.
Japanese Metaplanet Invests in BTC
Metaplanet has issued zero-interest bonds worth $13.4 million to buy Bitcoin. Since May 2024, they have acquired 2,235 BTC, inspired by the strategy model of other major market players.
Reaction of Novices and Pro Investors
New market entrants, witnessing the Bitcoin price drop, began panic selling. However, seasoned investors view this as a potential buying point. CryptoQuant founder Ki Young Ju reminds that such corrections, up to 30%, are normal in bullish cycles.
While less experienced investors panic, major players take advantage to increase their positions, highlighting the importance of a strategic approach and patience in crypto markets.
