Bitcoin Black Friday Sale May Have Kicked Off - Whales Keep Accumulating BTC

Bitcoin fell sharply yesterday, worrying some crypto investors, and with the continuation of the worry sales, Bitcoin fell to $91,500 today. Some investors continue to sell their assets, thinking that there will be further declines, while some investors continue to buy, thinking that the declines are a buying opportunity.

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Bitcoin fell by approximately 7.33% in the last 24 hours, falling from $98,700 to $91,464. Although it later recovered and rose above $94,000, it could not find enough support and fell back below $92,000 and is currently trading at $91,959. The selling pressure is still ongoing and it seems that it could fall even further if the sales are not met.

While some investors continue to sell their assets, whales continue to buy, according to data from onchain analytics firm Santiment.

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According to Santiment’s report, "in November alone, wallets with at least 10 BTC have now accumulated 63,922 more coins (worth $6.06 billion)". This is really big but not surprising because it is no secret that whales continue to buy Bitcoin, especially institutional and wealthy investors are very eager to accumulate more Bitcoin. It seems that while some are selling their assets, Whales are continuing to grow their wallets.

It is very difficult to make short-term price predictions in the crypto market, but I would like to say that I am still very optimistic about Bitcoin and I believe that declines are opportunities, I even think that Bitcoin Black Friday Sales have kicked off. Sharp declines are always worrying for investors, but I am not worried about Bitcoin at all because I have no doubt that it will rise even higher in the long term. I also think that it can hit $220,000 in 2025, so I believe that Bitcoin is still cheap. Also, I think that not only Bitcoin but also some altcoins, especially HIVE, are cheaper, so I follow altcoins more closely. And although there are declines in the short term, I think we may see sharper increases in the crypto markets in the coming months.

Black Friday sales will begin on Friday, November 29th, and Bitcoin Black Friday sales and even Crypto Black Friday sales may have begun early. I'm not worried I'm just enjoying the Black Friday sales. We'll wait and see.

Finally, there have been sharp falls and sharp rises in the crypto market before and there will be in the future, but I would like to say that it should never ignore the fact that the crypto market, especially Bitcoin, is now much stronger than before.

Thank you for reading
@rtonline

This is not investment advice, I am just talking about current developments and only my personal opinions. As with all money markets, anything can happen in the crypto market at any time, so please do your own research before investing.

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