On Wednesday the indicator of “bitcoin fear index” decreased to minimal point – 11, that the last time was fixed during the cryptocurrency winter in 2018. On Thursday the number wasn`t much higher – 13.
Bitcoin`s price fell below $10 000. It would seem that all the factors tell about decline, however “whales” are buying up the first cryptocurrency. The analyst of The Block Larry Cermak informed about this, referring to the data of cryptocurrency exchange Coinbase.
BitcoinDoubler2x notes, Coinbase added an opportunity to follow actions of large players on its platform in the middle of July. According to the information, presented by the exchange, two thirds of large Coinbase customers accumulated bitcoin for the previous day.
“Interesting. If we trust data from Coinbase, for the last 24 hours 67% of clients with large sums in Bitcoins buy BTC, instead of selling it”, – he wrote.
The same situation is with XRP coin. According to Coinbase, 88% of XRP holders bought up cryptocurrency during its price fall to 23 cents. Let`s remind, that such quotes were noticed in 2017.