Bitcoin whale buys 1K BTC as 'insane' Binance selling sees sub-$58K low
Bitcoin whales jump at the chance to buy cheap BTC with spot sellers showing knee-jerk reactions in a choppy trading environment.
Bitcoin (BTC) retargeted $60,000 on Aug. 29 after as markets emerged from a fresh bout of impulse selling.
Data from Cointelegraph Markets Pro and TradingView showed that BTC price action matched a two-week low of $57,900 on Bitstamp before rebounding.
BTC/USD came under pressure the day prior, with market participants attributing weakness to spot selling on largest global exchange Binance.
Bitcoin whales jump at the chance to buy cheap BTC with spot sellers showing knee-jerk reactions in a choppy trading environment.
Bitcoin (BTC) retargeted $60,000 on Aug. 29 after as markets emerged from a fresh bout of impulse selling.Data from Cointelegraph Markets Pro and TradingView showed that BTC price action matched a two-week low of $57,900 on Bitstamp before rebounding.BTC/USD came under pressure the day prior, with market participants attributing weakness to spot selling on largest global exchange Binance.Read more Â