—Read Here— Extremely large Bitcoin accounts, or whales, have been buying the dip in troves.
Co-founder of Three Arrows Capital Kyle Davies told Bloomberge:
“People that were borrowing money to invest, they were wiped from the system […] Every time we see massive liquidation is a chance to buy. I wouldn’t be surprised if Bitcoin and Ethereum retrace the entire drop in a week.”
Elon Musk even tweeted that “Tesla has diamond hands” implying that Tesla will not be selling in the their BTC in the dip.