The cryptocurrency market experienced a sharp correction, followed by a price recovery for BTC and other major crypto assets. Data shows that large investors took this opportunity to accumulate.
BTC Whale Buying
Last week, Bitcoin tried to maintain the $100,000 level several times but faced corrections dropping lower. This resulted in the creation of 342 new wallets, each containing over 100 BTC, indicating asset accumulation by major investors.
XRP Whale Buying
Not only did Bitcoin attract whale attention, but XRP was also in their focus. During the market correction, over 100 million XRP were purchased, aiding in the price recovery to $2.4.
DOGE Whale Buying
DOGE also experienced volatility during the correction, dropping below $0.37 but then recovering. During this time, whales acquired 210 million DOGE.
The market correction provided large investors the opportunity to accumulate assets. Bitcoin, XRP, and DOGE were targets of whale attention, leading to their price recovery.
