Investors Are Buying The Dip
When we talk about crypto investors buying the dip, it simply means acquiring an asset right after it has declined in price. Buying the dips goes over several things in the crypto space, however, long term investors are usually the one buying the dips while short term investors are selling to avert loss.
Following coinbase's data, about 65% of its customers with large BTC holdings are all buying the dip rather than selling. The reason why large BTC holders are buying the dip is that the asset is in a long-term persistent uptrend.
Interestingly, Bitcoin is recovering at a fast rate. At the time of drafting this report, Bitcoin's price is $10,407.87, which is quite fair for some investors. Bitcoin recovered from a dip of $9,470 which is over $500 increment. In all probability, Bitcoin might still dip more or vice versa, every price bitcoin finds itself is very critical for large stakeholders.
Disclaimer:
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This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.
*Reference:
Bitcoinist
