Anthony Pompliano posted some pretty interesting data about who bought the dip and who sold their Bitcoin during this week’s extreme price volatility.
Check out his post here.
[NEW POST] Who Was Buying And Selling During This Week’s Bitcoin Price Crash
This is excellent analysis of the on-chain data from @WClementeIII. Probably the best explanation I’ve seen of what exactly happened earlier this week. https://t.co/WFqOkQeESH
— Pomp 🌪 (@APompliano) May 21, 2021
A follower said: “Over time, the purchasing power of fiat currencies and gold will diminish while #Bitcoin appreciates in real terms. Choose your store of wealth wisely. @Anna_green33 thanks for being a great Bitcoin mentor and coach Hundred points symbol.”
Someone else said: “Yeh I got the short term price action wrong. Caught myself and a lot of other analysts off guard. Still confident that Bitcoin is consolidating and the bull run is far from over.”
This company has the highest correlation with Bitcoin
It’s been just revealed that MicroStrategy has the highest correlation with Bitcoin. Michael Saylor’s company is supporting and accumulating Bitcoin for quite a while now.
Saylor became a BTC maximalist and just the other day, he was sending people an important message.
Check out Michael Saylor’s tweet.
Entities I control have now acquired 111,000 #BTC and have not sold a single satoshi. #Bitcoin Forever.
— Michael Saylor (@michael_saylor) May 19, 2021
BTC’s dip is a normal correction
Davis told his YouTube subscribers to look back to the 2017 bull run as evidence that Bitcoin can weather numerous pullbacks. The analyst noted that the bull run saw four different corrections in the 30-45% range.
He continued and said that the “current bull run is just getting started,” predicting that prices will move a lot higher for the rest of 2021.
At the moment of writing this article, BTC is trading in the red and the digital asset is priced at $37,905.33.
