Bitcoin is trading above $30k once again. The other day, BTC fell below this limit and had some investors worried, while others have been saying that this is the best time to buy the dip.
At the moment of writing this article, BTC is trading in the green and the king coin is priced at $30,818.45.
Now, it’s been revealed that there is a collection of Bitcoin whale wallets which suddenly scooped up tens of thousands of BTC over the weekend after being inactive since December of 2018.
The online publication the Daily Hodl notes that according to BitInfoCharts’ list of the biggest Bitcoin wallets, “the addresses ranked 89 through 106, except rank number 90, accumulated a total of 28,377 BTC worth $841.85 million on July 17th and July 18th in a synchronized manner.”
The same online publication notes that all 17 wallets held exactly 8,000 BTC before accumulating more over the weekend.
Four wallets received BTC inflows at the exact time on July 18th, according to the same online publication.
“Another four addresses collected BTC at the same time on July 17th, and three other wallets added BTC simultaneously at a later time on the same day,” they note.
Crypto Twitter is optimistic regarding the price and future of BTC these days.
The best time to buy BTC
Check out an interesting opinion that’s been shared on Twitter these days.
Many of you are going to look back at this period and kick yourself for not buying bitcoin more aggressively.
Considering potential risks (relatively low) and opportunity (still extremely high), this may be one of the best periods in history to buy bitcoin.
— Dr Bitcoin MD (@DrBitcoinMD) July 19, 2021
Despite the huge market volatility, there are all kinds of bullish predictions about the price of Bitcoin these days.
More than that, mass adoption continues and there are various moves made in this direction.