During the recent decline in Bitcoin prices, three wallets associated with the same entity accumulated approximately 3,000 BTC, worth $280 million. At that time, Bitcoin's price dropped from over $94,000 to around $92,000, and these wallets took the opportunity to buy, indicating sustained market demand. The increase in holdings discovered by Lookonchain highlights strategic buying during consolidation periods rather than panic selling. Meanwhile, in early January, US spot Bitcoin ETF net inflows reached $1.2 billion, with BlackRock's IBIT adding $229 million on Tuesday, while the sector experienced a $243 million outflow on the same day, emphasizing institutional investors' selective confidence in the Bitcoin market.
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During the recent decline in Bitcoin prices, three wallets associated with the same entity accumulated approximately 3,000 BTC, worth $280 million. At that time, Bitcoin's price dropped from over $94,000 to around $92,000, and these wallets took the opportunity to buy, indicating sustained market demand. The increase in holdings discovered by Lookonchain highlights strategic buying during consolidation periods rather than panic selling. Meanwhile, in early January, US spot Bitcoin ETF net inflows reached $1.2 billion, with BlackRock's IBIT adding $229 million on Tuesday, while the sector experienced a $243 million outflow on the same day, emphasizing institutional investors' selective confidence in the Bitcoin market.