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WAGMI Games (WAGMIGAMES) $ 0.000030
Unizen (ZCX) $ 0.091798
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Ankr Staked ETH (ANKRETH) $ 2,383.13
Boba Network (BOBA) $ 0.149149
Coinweb (CWEB) $ 0.013327
UwU Lend (UWU) $ 9.38
DexTools (DEXT) $ 0.586217

Whales Deposit 476 Million USDT in One Hour to Grab Bitcoin Dip: Glassnode Data

By Aleksandr On Apr 8, 2021

Data shared by Glassnode analytics firm has demonstrated that, on April 7, crypto whales took just one hour to deposit a whopping 476 million USDT to digital exchanges in order to buy Bitcoin on the dip.

Whenever Bitcoin dips, Lex Moskovski comments, it seems that there is always money for large investors to buy it.

$648 million in BTC longs liquidated as Bitcoin drops to $55,000

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As the world’s largest cryptocurrency plunged to the $55,000 mark on Wednesday, traders started liquidating multiple Bitcoin positions across crypto exchanges, worth a total of $677 million.

More than 95 percent of those liquidations (around $648 million) were Bitcoin longs.

This BTC plunge pulled down the entire crypto market, in particular pushing Ethereum down from the $2,100 level to the $1,955 zone several times.

Institutions keep buying Bitcoin

According to Glassnode data shared earlier, on April 6, financial institutions acquired an astounding 4,386 Bitcoin (worth $257 million) on the Winklevoss-owned Gemini exchange and withdrew it to cold storage.

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