Bitcoin Whales Buy Low, Sell High; Retail Investors Chase Rallies: Data

Newly released data from crypto exchange OKEx gives one possible explanation of how larger holders of bitcoin – or “whales” – were able to influence prices as bitcoin rallied to a new all-time high in November.

During that bitcoin run-up, institutions and whales were able to buy dips and oftentimes sell when prices went up. That left the majority of the retail investors scrambling to chase the rally, according to a newly released OKEx data report.

Trading data of the bitcoin/tether


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