RATE Group | Cryptocurrency Specialist WhalePanda: “Bulls Need to Move in 24-48 Hours”
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Cryptocurrency Specialist WhalePanda: “Bulls Need to Move in 24-48 Hours”

25 May Cryptocurrency Specialist WhalePanda: “Bulls Need to Move in 24-48 Hours”

Posted at 19:15h in Cryptocurrency News by

As it is known, Bitcoin price fell below the $ 9,000 level again, and is currently trading in the $ 8700-8800 level. Crypto expert WhalePanda, on the other hand, shared some data on this subject and stated that under certain conditions, the bull market could be entered.

Expert analyst, Grayscale crypto investment fund; He stated that Jack Dorsey has received more BTC than the miners produced by May 11 through the Square Crypto.

Following this data, Whale Alert asked the community a question: What will happen to the price of BTC in the short or medium term if hedge funds from Wall Street are actively receiving the new BTC supply?

We think the account expects to hear an answer that the BTC price will go up.

‘New BTC Supply Rapidly Melts’
WhalePanda shared its thoughts on crypto mutual funds that bought newly printed Bitcoin after the split.

In this context, the expert analyst only mentioned Grayscale (currently holding 1.7% of all circulating Bitcoin in circulation) and Jack…

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