While some were terrified to watch bitcoin dipping, others were massively buying into BTC.
All the crypto transactions are in full view thanks to the blockchain technology, so anyone can access data and statistics. When bitcoin was at its lowest levels, from 9 to 12 February, an unknown trader invested in the cryptocurrency as much as $400 million in total. So, his BTC pool increased from 55,000 to 96,000 coins, most of which were bought at the price of $6,000. Taking into account bitcoin current cost, we may well celebrate another millionaire. As head of 360 Blockchain Inc thinks, this investment has very likely been made by a Wall Street tycoon. An abrupt fall from $21,000 below $6,000 came as a shock particularly to those who had put some money into BTC.
Still, experienced traders are hardly concerned over the BTC plunge. FundStrat Global Advisor co-founder Tom Lee is sure there are new highs due for the cryptocurrency this year. Having analyzed over 2 dozens of BTC declines, he came to a conclusion that this cryptocurrency takes about 1.7 times the duration of its fall to recover.
