منو سایت

  • خانه
  • Bitcoin
  • Retailers buy more bitcoins by lowering their price below $ 30,000

Retailers buy more bitcoins by lowering their price below $ 30,000

 تاریخ انتشار :
/
  Bitcoin

Retailers are now using the market despite the community’s outcry to change the situation. Given that Bitcoin is currently trading below $ 30,000, they are taking the opportunity to raise their limits. This new phenomenon has increased the amount of leading digital assets in exchange offices. With that in mind, more than $ 1.16 billion in bitcoins have recently been transferred to exchange offices.

Retailers transfer 40,000 bitcoins to exchange offices

According to a recent Update By IntoTheBlock, Bitcoin traders whose wallet details show that retailers have been collecting their wallets since May 8th. These wallets have not yet crossed the 30-day mark on digital assets and are still actively buying. Remarkably, May 8 marked a major downturn for the entire market after the UST slump that spurred movement.

However, the analyst notes that although most of these retailers are losing money when selling, their inventory has risen to 1.78 million last week. Bitcoin has struggled with severe volatility over the past few months, but succumbed to a fall in the Terra-led market from $ 39,000 to $ 26,000. However, the price has been stable over the past few weeks, reaching above $ 30,000 and then coming down slightly.

Big players are also buying BTC

The UST suffered a sharp decline in wealth after a massive harvest that tore StableQueen off its nails. Several sources blame the $ 500 million withdrawal by the Anchor Protocol, which led to a series of other withdrawals from the Curve. By running StableQueen on an algorithmic system, more LUNA was generated because its value was still declining. The sharp drop in tokens caused the market to fall, leading some assets to double-digit losses. IntoTheBlock points to a massive 40,000 bitcoin deposit in exchanges, even if sales pressure continues in the market.

According to the company, retailers have been able to extend a helping hand to the token after purchases stabilized above $ 29,000 for a period of time. IntoTheBlock, meanwhile, said the cut was bought by big players like El Salvador and Tron DAO, who each bought millions of assets. However, most retailers have maintained their uptrend despite a sharp drop in token prices. Leading analysts have also forecast a sharp rise in asset prices, and volatility is expected to slow sharply in the coming months.