Well I guess Binance Bought the dip. About 2 billion of it.


101,266 BTC were purchased on Saturday June 18th at a Bitcoin price of $19,176 – a Bitcoin buy of $1.94 billion.

Zooming in on the chart above on the Bit Info Charts website, the value of that Bitcoin purchase as of today the 19th has increased to $1.99 billion now that Bitcoin is trading closer to $19,500.

Whether this is just a short squeeze and a dead cat bounce before further continuation to the downside, will become clearer next week after Monday. This weekend is a long weekend with Monday being a holiday in the US for Juneteenth, so US markets will be closed.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *