Big Players Are Buying The Dips

By lordneroo | Crypto Hustling - Airdrop Sniping | 9 Mar 2021

Buy orders of $100,000 and higher on Binance are breaking records.

It appears that the crypto space has been attracting major attention lately, with payment giants, companies and institutions joining in, claiming a piece of the pie and being vocal about it. Big money is flowing into the space as more and more BTC tokens are removed from exchanges on a daily basis.

Apparently, Bitcoin whales and institutions have been doing everything possible to get their hands on some cheap BTC during the recent dip, which serves as a sign that some experienced and powerful individuals out there remain confident in the space regardless of last week's price correction.

In stark contrast to orders worth less than $100,000, larger buys are more frequent than ever before in Bitcoin's history.

Source: cointelegraph.com

According to data shared by on-chain analytics service Material Indicators, buy orders of $100k and higher are more frequent than ever before, reaching new highs and hinting that there's a bright future ahead. Big money has faith in crypto as the data suggests, and this is undoubtedly good news for the space.

Smaller allocations have plummeted in 2021, matching an existing narrative that institutions are scooping up liquidity on exchanges which surfaced during the recent bull run.

Source: cointelegraph.com

The bad news is that soon there will be no BTC tokens left on the exchanges with the attention we have been drawing lately, so BTC may become very expensive in the next 5 years or so. Even holding 0.01 BTC may be enough to completely transform your life in the not so ditant future, but you know, this is by no means financial advice.

However, I do believe BTC can explore the $100k mark at some point in 2021 with all the progress being made in the crypto world and all the incredible stuff being built, offering once in a lifetime opportunities to gather wealth by taking advantage of an early lead. Take a look at CubDeFi for instance.

I'm sure everyone in the LeoFinance ecosystem is ecstatic at the moment, and I am no better. I just need a bit more time to digest all the information before I can post about this wonderful new project, plus I've noticed there's a lot of information out there already.

I'm just going to say that I've earned more than $200 worth of CUB in the last 15 hours passively. This is crazy considering that I didn't have to invest that much, and only goes to show how easy it is to make money in the crypto game if you keep your eyes open and take advantage of an early lead.

And this is exactly what all these big players have finally come to realize. And this is why we have been witnessing such dramatic growth over the last 12 months. And there's a lot more to come.

Bitcoin is currently trading at $54,370, a 7.80% increase over the last 24 hours. With trading volumes of roughly $52.75 billion and sell walls moving North on Binance and Bittrex, we may see BTC exploring the $58k mark again soon. But you know, always DYOR and don't take my word for your investment decisions.

BTC/USDT market depth on Binance and Bittrex looking sweet, and things get better and better with time as more and more BTC tokens are permanently removed from the markets and stored offline. Is there more to come? I guess we will have to wait and find out. In the meanwhile, I'm going back to reading those cubdefi docs and watching my CUB rolling in, but I will be back later on.

Thank you for your attention

Alright guys, that's it for now. Thank you for taking the time to read those lines.

Just my two cents. This is by no means financial advice. Just sharing my personal views and experiences. Please do not take my word for your investment choices, and always do your own research.

Stay safe and have a good one,
@lordneroo

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